NEW YORK: US stocks ended mixed on Tuesday amid signs of progress in negotiations as the minutes ticked down to President Donald Trump's deadline for Iran to open the Strait of Hormuz. Minutes before the closing bell, the S&P 500 and the Nasdaq reversed their losses to close slightly higher, marking their fifth straight session of gains. Front-month US WTI crude backed off from session highs to settle up 0.5%, while Brent crude settled down 0.5%. Of the 11 major sectors of the S&P 500, communication services enjoyed the largest percentage gains, while consumer staples were the biggest laggards. The S&P 500 posted 3 new 52-week highs and 9 new lows while the Nasdaq Composite recorded 54 new highs and 119 new lows.

Source: The Star April 08, 2026 00:59 UTC