Market Report, 2026-04-07

Stocks finished Tuesday flat as market participants weighed the odds of a deal with Iran. The president of the United States threatened the destruction of Iranian civilization in a post on Truth Social this morning, an act that put the market on edge. However, as we headed into the last hour of the trading day, the market rebounded despite there being no sign of a material development.

The Dow Jones Industrial Average ended the day at 46,584, down 85 points. The Nasdaq and S&P 500 rose less than 0.1% to 24,202 and 6,617, respectively. Looking closer, energy stocks ended the day materially higher, and AI-themed stocks nudged up as well, while most other stocks remained flat. Yesterday’s winners were today’s losers, and consumer stocks posted significant losses today.

The bond market and gold demonstrated their roles as safe-haven assets today, a rarity recently, as global investors approached the situation cautiously while remaining unwilling to miss out on gains in equities if the situation improves. The U.S. 5-year Treasury yield declined 4 basis points to 3.94%, and the 10-year yield declined 3 basis points to 4.31%. Gold rose nearly 1% above the 4,700 mark, making the shiny metal the biggest winner among major assets today.

The durable goods orders data we received was severely impacted by noise and may not be as meaningful. The partial government shutdown that started in February could have significantly affected aircraft bookings, and the report predates the Middle East conflict, which could have caused businesses to become more cautious once again. Nevertheless, the report showed that businesses are still spending on AI and taking advantage of more favorable tax provisions.

Tomorrow, the minutes from the March Federal Open Market Committee meeting will be released. We will seek insights into the Federal Reserve’s decision to hold interest rates steady. Thank you for listening. This is Adams Wealth Advisors.