U.S. stocks close: Pakistan mediation proposal saves the day, S&P and Nasdaq end with a surprising five-day winning streak

Ask AI · What kind of market resilience does a late-day rebound in U.S. stocks under geopolitical risk suggest?

China Financial Information Co., Ltd. (4月8日讯) (Edited by Zhao Hao) On Tuesday (April 7), U.S. stocks strengthened late in the session; the S&P and Nasdaq turned positive in the final minute, with both indices rising for five straight days.

By the close, the S&P 500 index rose 0.08% to 6616.85 points; the Nasdaq Composite rose 0.1% to 22017.85 points, with both up for five straight trading sessions. The Dow Jones index fell 0.18% to 46584.46 points.

The previous day, U.S. President Trump threatened Iran, saying that the final deadline to reach a ceasefire deal was 20:00 U.S. Eastern Time on April 7 (08:00 Beijing time on April 8); otherwise, Iran’s entire country could be completely destroyed overnight.

Earlier during the day, Trump posted a threat to Iran on social media, saying, “Tonight, the entire civilization will perish, never to return.” Affected by this news, U.S. stocks fell sharply in the early session, with the Nasdaq down more than 1.7% at one point.

Near the close, Pakistan’s Prime Minister Shehbaz posted on social media that he asked Trump to push the “final deadline” back by two weeks, and also asked Iran to open the Strait of Hormuz for two weeks as a gesture of goodwill.

White House press secretary Levitt said Trump has received the proposal put forward by Pakistan and will respond. A senior Iranian official said that Iran is actively considering the “two-week ceasefire” request submitted by Pakistan.

BCA Research chief U.S. equity investment strategist Doug Peta said that, given the constant stream of breaking headlines, the risk of new market volatility events hitting the stock market makes it hard for traders to stay on the sidelines.

“With uncertainty this high, the U.S. could exit the conflict within the timeframe of a single post on Trump’s Truth Social, or it could significantly escalate the conflict— the difference between the two outcomes is so vast.”

Facet chief investment officer Tom Graff commented that Iran may want to reopen the strait on its own terms, and that permanently closing the strait would have no benefits for any party, including Iran. “This situation will change sooner or later.”

Sameer Samana, global equities and real assets head at the Wells Fargo Investment Institute, said, “Trump’s negotiation strategy is to create maximum uncertainty, which is at odds with the market’s tendency to dislike uncertainty.”

“We think this strategy will continue throughout his entire term as president, because he needs to negotiate and renegotiate over all kinds of scenarios and agreements— and the market would do well to keep that in mind.”

Performance of popular stocks

U.S. tech giants were mixed in terms of gains and losses (ranked by market cap): Nvidia rose 0.26%, Apple fell 2.07%, Google C rose 2.11%, Microsoft fell 0.16%, Amazon rose 0.46%, Meta rose 0.35%, and Tesla fell 1.75%.

Chip stocks overall strengthened: the Philadelphia Semiconductor Index rose 1.11%, with 21 of the 30 component stocks closing higher. Broadcom rose 6.21%; the company announced it will supply Google with TPU chips and provide compute capacity to Anthropic.

Storage-related stocks were mixed: Seagate Technology rose 3.4% and continued to set a closing all-time high. Western Digital rose 2.57%, Micron Technology fell 0.05%, and SanDisk fell 1.91%.

For Chinese concept stocks, the Leverage LiVermore China concept stock leader index fell 0.65%, and the Nasdaq China Golden Dragon Index fell 0.94%.

Most popular Chinese concept stocks declined: Luckin Coffee fell 4.13%, Legend Biotech fell 3.69%, Alibaba fell 2.12%, NIO fell 1.6%, PDD fell 1.36%, and XPeng Group fell 1.03%.

Company news

【Giverny understands that QHD is considering about $14 billion in debt financing to provide funding for Oracle data centers】

According to people familiar with the matter, Giverny is in talks with Bank of America, planning to provide roughly $14 billion in debt financing for building Oracle’s massive data center in Michigan. If the deal is completed, this bond giant would become an important source of funding support for the Salisbury town park. People familiar with the matter said the related financing could be structured in the form of bonds, and Giverny may also distribute part of the bonds to other investors. Although negotiations with Giverny are still in an early stage, the company’s involvement marks a new turn in this long-term financing project.

【Waymo launches an autonomous ride-hailing service in Nashville】

Alphabet’s autonomous driving technology company Waymo announced that it has begun providing autonomous ride-hailing services to the public in Nashville, Tennessee, in the United States. Currently, the company is also conducting tests at the Nashville International Airport and plans to begin serving passengers at the airport in the near future.

【A ship leased by Maersk was hit by artillery fire in the Strait of Hormuz】

A ship leased by Denmark’s shipping giant Maersk was hit by artillery fire in the Strait of Hormuz. The crew is unharmed, but the vessel suffered substantial damage, with the above-waterline portion damaged. The ship can navigate autonomously and is currently heading to the nearest port to undergo inspections. Maersk did not disclose the source of the artillery fire.

(China Financial Information Co., Ltd. Zhao Hao)