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US markets end higher on Monday
Apr-07-2026

The US markets ended higher on Monday despite uncertainty about the U.S. war with Iran following President Donald Trump's latest threats. Trump once again threatened to attack Iran's power plants and bridges unless the Strait of Hormuz is reopened on Tuesday. On the economic data front, the Institute for Supply Management (ISM) released a report showed a slowdown in the pace of growth by U.S. service sector activity in the month of March. The ISM said its services PMI fell to 54 in March 2026 from 56.1 in February which was the highest since August 2022 and compared to forecasts of 55. The reading pointed to a slowdown in services activity, led by an ease in business activity (53.9 vs 59.9) and the first drop in employment in four months (45.2 vs 51.8). On the sectorial front, retail stocks experienced notable move to the upside, with the Dow Jones U.S. Retail Index climbing by 1.1 percent. Besides, transportation, semiconductor and brokerage stocks showed strength during the day while pharmaceuticals stocks faced selling pressure.  

Dow Jones Industrial Average rose 165.21 points or 0.36 percent to 46,669.88, Nasdaq surged 117.15 points or 0.54 percent 21,996.33 and S&P 500 increased 29.14 points or 0.44 percent to 6,611.83.


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