US Stocks Extend Gains, Erasing the Losses Caused by Iran War

Traders work on the floor of the New York Stock Exchange. — Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/Bloomberg

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By Geoffrey Morgan

April 13, 2026 at 1:39 PM UTC

Updated on

April 13, 2026 at 8:11 PM UTC

The S&P 500 Index ended the day up 1%, extending an advance that’s erased all of the losses brought on by the Iran war, as President Donald Trump dangled hopes of an agreement to end the conflict even as he moved to blockade the Strait of Hormuz.

Speaking at the White House, Trump said Iran wants “to make a deal” with the US. The remarks come after the negotiations between the countries failed over the weekend, pushing up oil prices and inflation expectations.