Traders work on the floor of the New York Stock Exchange on April 30, 2026.<\/p>\n
NYSE<\/p>\n
Stocks rose on Wednesday following a report that the U.S. and Iran were nearing an agreement<\/a> to end the war.<\/p>\n The Dow Jones Industrial Average<\/a> added 617 points, or 1.3%. The S&P 500<\/a> advanced 1.2%, while the Nasdaq Composite<\/a> gained 1.4%.<\/p>\n Axios reported, citing sources, that the U.S. and Iran were getting close to a deal that would bring a resolution to the conflict. According to the report, the agreement would include a moratorium on nuclear enrichment. An Iranian foreign ministry spokesperson also told CNBC that Iran was evaluating a U.S. proposal toward a resolution.<\/p>\n President Donald Trump<\/a> signaled later Wednesday that a deal was not certain, however, saying it was a “perhaps, a big assumption” Iran would agree to the U.S. proposal. Equity prices came off their highs following the post.<\/p>\n “If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before,” the president wrote in a post on Truth Social<\/a>.<\/p>\n Trump also said late Tuesday that he is pausing<\/a> “Project Freedom,” the U.S.’s plan to guide ships<\/a> out of the Strait of Hormuz. In a Truth Social<\/a> post, he cited “the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran,” as a driver behind the decision.<\/p>\n Oil prices plunged as traders pared exposure on hopes the war would end soon. West Texas Intermediate futures<\/a> dropped 5%, trading above $96 per barrel. International Brent<\/a> lost 5% to trade above $103.<\/p>\n Chipmaker Advanced Micro Devices<\/a> added to the gains, soaring 15% after the company issued a rosy outlook for the second quarter<\/a>. AMD also beat expectations on the top and bottom lines in the first quarter. The report lifted the broader chipmaker sector. The VanEck Semiconductor ETF (SMH)<\/a> jumped 3%. Intel<\/a> climbed almost 2%.<\/p>\n Stocks posted strong gains Tuesday, lifted by strong earnings and the ceasefire between Iran and the U.S. remaining in place. <\/p>\n