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U.S. stocks end mixed after late-day rebound as Trump’s Iran deadline looms

Joy Wiltermuth
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U.S. stocks closed mixed Tuesday after a late-day rebound, maintaining April gains despite geopolitical tensions over Iran’s Strait of Hormuz blockade. President Trump issued an 8 p.m. ET deadline for Iran to reopen the critical shipping route, escalating threats amid rising market uncertainty. Pakistan’s Prime Minister Shehbaz Sharif urged a two-week extension to Trump’s deadline, proposing Iran temporarily reopen the strait as a diplomatic gesture. The Strait of Hormuz, a vital chokepoint for global oil shipments, remains closed, heightening fears of supply disruptions and broader economic fallout. Investors reacted cautiously, with major indexes recovering losses in late trading as diplomatic efforts sought to ease tensions before the deadline.
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U.S. stocks end mixed after late-day rebound as Trump’s Iran deadline loomsListen(4 min)Listen(4 min)U.S. stocks ended mixed Tuesday, while still holding on to gains for April, as investors weighed President Donald Trump’s intensified threats against Iran to reopen the Strait of Hormuz by this evening.The major indexes trimmed losses in late-afternoon trading after Pakistan’s prime minister urged a two-week extension to Trump’s self-imposed 8 p.m. Eastern time deadline for Tehran to reopen the crucial Middle East chokepoint for shipping and tanker traffic.

Pakistan Prime Minister Shehbaz Sharif also called on Iranian authorities to temporarily reopen the Strait of Hormuz to all traffic as a goodwill gesture.About the AuthorJoy Wiltermuth is a news editor and senior markets reporter based in New York.Frances Yue covers the cryptocurrency market for MarketWatch.A Dow Jones CompanyCopyright © 2026 MarketWatch, Inc. All rights reserved.

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