U.S stock market today: S&P 500, Nasdaq make gains but Dow Jones fall. Here's what to expect on Wednesday
U.S. stocks swung sharply Tuesday as uncertainty about the war with Iran increased ahead of a looming deadline set by President Donald Trump to destroy Iranian power plants and bridges. S&P 500 fell as much as 1.2 per cent. The S&P 500 erased all its losses and ended with a modest gain of 0.1 per cent. » Read more about: U.S stock market today: S&P 500, Nasdaq make gains but Dow Jones fall. Here's what to expect on Wednesday »
Read MoreStock market today: Dow S&P 500, Nasdaq futures surge on news of a two-week ceasefire
US stock futures pushed higher Tuesday evening as markets reacted to news of a two-week ceasefire between the US-Israel coalition and Iran, announced by Trump via Truth Social.
Futures linked to the S&P 500 (ES=F) climbed 1.5%, while Nasdaq 100 (NQ=F) contracts popped 1.7%.
Read MoreBill Ackman’s $64 billion Universal Music play is part of his strategy to become the next Warren Buffett
Billionaire investor Bill Ackman’s hedge fund, Pershing Square Capital, is planning to buy Universal Music Group (UMG), the world’s largest music company, which represents artists including Taylor Swift, Bad Bunny, Bob Dylan, and the Beatles.
The $64 billion pitch announced Tuesday is Ackman’s latest move to turn Pershing into a “modern-day” Berkshire Hathaway and make Ackman the next Warren Buffett.
Read MoreDow futures jump 600 points, oil tumbles after Trump suspends Iran attack for two weeks: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on April 7, 2026.
Charly Triballeau | Afp | Getty Images
U.S. stock futures jumped after President Donald Trump said he was suspending Iran attacks for two weeks just ahead of his 8 p.m.
Many on Wall Street saw this 'TACO' coming as Trump's brinkmanship starts to lose grip on market
Key Points
- The “TACO” trade — TACO being shorthand for Trump Always Chickens Out — has increasingly shaped positioning.
- Each bout of geopolitical-driven selling has become progressively more muted since April 2025.
- The market’s growing confidence is also raising a new question: What happens if markets stop acting as a constraint on Trump?
The Burst
AMD’s AI Advantage May Just Be Getting Started
While the spotlight often shines brightest on Nvidia, another chipmaker has been clawing its way into the conversation and could soon be in a position to steal the show.
That company is Advanced Micro Devices (NASDAQ: AMD), and it’s gearing up to report second-quarter earnings early next month.
With the stock already up 34% this year,
» Read more about: AMD’s AI Advantage May Just Be Getting Started »
Read MoreThe Ivy
1 Tech Giant to Own Forever
Amazon doesn’t look like a traditional stock. It’s more like a portfolio hiding inside one ticker. The company spans multiple industries, each one a profit driver in its own right.
The most visible business is e-commerce. In the second quarter of 2025, Amazon pulled in $137 billion in sales.
What many investors miss is that over 60% of those sales now come from third-party sellers.
» Read more about: 1 Tech Giant to Own Forever »
Read MoreThe Spotlight
Deep Dive, How High Will This New Bank Go?
Since SoFi’s CEO began snapping up shares of the student lender, the price has approximately doubled. It’s not entirely a surprise given that SoFi is an all-in-one fintech firm offering personal loans, home mortgages, car loans, credit cards, and digital banking. Over and above the broad array of products it’s grown like a weed on the customer front too.
» Read more about: Deep Dive, How High Will This New Bank Go? »