Stocks Edge Up Amid Iran Tensions, Higher Energy Costs

0:00It's April 6, this is U.S. News Today, your AI-powered source for national news. U.S. stocks edged higher Monday in cautious trading, even as President Trump's deadline looms for potential strikes on Iranian power plants and bridges if they don't reopen the straight of hormones. The S&P 500 gained 0.4%, the Dow added 0.4% and the NASDAQ climbed 0.5%. Treasury yields state steady around 4.33% for the 10-year note. Native jobs data from Friday helped lift spirits with more hires than expected and unemployment dropping unexpectedly. But gasoline prices are stinging wallets at $4.12 per gallon nationwide, up from under $3 before the war kicked off. In late February, oil prices ticked up too, with benchmark crude settling at $112.41 per barrel and Brent at $109. Iran's top diplomat in Cairo made it clear they want a full end to the war, not just

1:02a ceasefire, with guarantees against future attacks. Fighting drags on, including Israeli hits on Iranian sites, and higher energy costs are hitting harder in oil importing nations. Elevated yields are pushing a mortgage and loan rates, cooling the economy a bit. Big tech showed a split, with Apple of 1.3% and Amazon gaining 1.2% while Tesla dropped 2.6%. Banks led the charge, like JP Morgan Chase rising 1.5%. A services report showed 21 months of growth, but slower expansion, and faster price hikes, signaling sticky inflation. JP Morgan CEO called the economy, resilient amid healthy businesses, though he warned high asset prices could amplify any shocks. Overseas, to Pan's Nikkei rose 0.5%, and South Korea's coast speed jumped 1.4% before markets quiet down, eyes they glued to that ticking deadline.