Stock Market Today, April 7: Apple Slides Against Muted Market Backdrop

By Emma Newbery – Apr 7, 2026 at 5:17PM ESTThe S&P 500 (^GSPC +0.08%) edged up 0.08% to 6,616.85, the Nasdaq Composite (^IXIC +0.10%) added 0.10% to 22,017.86, while the Dow Jones Industrial Average (^DJI 0.18%) slipped 0.18% to 46,584.46 as oil‑driven geopolitical anxiety capped risk appetite.Market moversTech heavyweights lagged, with Apple (AAPL 2.07%) sliding after reports of engineering issues and possible delays for its first foldable iPhone. Bloomberg later reported that the launch is on track for September. AI‑chip name Arm Holdings (ARM 3.30%) fell after Morgan Stanley downgraded the stock. Broadcom (AVGO +6.10%) soared following an announcement of expanded collaboration with Anthropic, the company behind Claude AI.UnitedHealth Group (UNH +9.37%) gained alongside other insurers after positive Medicare Advantage payment news.

Universal Music Group (UNVGY +13.91%) jumped after activist investor Pershing Square announced a bid for the popular record label. What this means for investorsThe war in Iran continues to drive markets, particularly today, as tonight’s Iran ceasefire deadline from the U.S. government looms. Escalation fears sent stocks tumbling and oil prices soaring in intraday trading. However, the S&P 500 recovered in the final hours on news that Pakistan was pushing to extend the ceasefire deadline. Heightened geopolitical risk has led investors to rotate towards safer assets, such as U.S. Treasuries. That said, some see the dip as an opportunity to pick up artificial intelligence (AI) stocks that have struggled in a risk-off environment. Others are in wait-and-see mode, with stock movements muted as the full economic impact of the energy spike remains unclear. Read NextApr 7, 2026 •By Jeremy BowmanMarkets Are Bracing for Tonight's Iran Deadline.

Here Is Why Your Long Term Portfolio Does Not Need toApr 7, 2026 •By David Jagielski, CPAWorried About a Stock Market Crash This Year? Don't Try Timing the Market, Do This InsteadApr 7, 2026 •By David Jagielski, CPAThese Are the Four Most Dangerous Words in Investing, According to This Legendary InvestorApr 7, 2026 •By David Jagielski, CPAAre You Hesitant to Invest in the Stock Market Because of the War in Iran?

This Warren Buffett Fact Might Have You Thinking TwiceApr 7, 2026 •By David DierkingStop Checking Your Portfolio Every Day: Here Is What It Is Actually Costing YouApr 7, 2026 •By Sean WilliamsAre Stagflation Fears Creeping Back Into the Picture? Here's What the Data and Fed Chair Jerome Powell Have to Say.About the AuthorEmma Newberry is a contributing Motley Fool cryptocurrency analyst covering digital currencies and blockchain trends. She previously wrote for Motley Fool Money (formerly The Ascent) on personal finance, investing, retirement readiness, and crypto. Earlier in her career, Emma founded an English-language newspaper in Colombia and contributed to Olympic city bid campaigns. She holds a bachelor’s degree in English literature with creative writing from the University of East Anglia in the UK.TMFemmanewberyStocks MentionedS&P 500 IndexSNPINDEX: ^GSPC$6,616.85(+0.08%)+$5.02NASDAQ Composite IndexNASDAQINDEX: ^IXIC$22,017.85(+0.10%)+$21.51Dow Jones Industrial AverageDJINDICES: ^DJI$46,584.46(-0.18%)-$85.42*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.