Markets Falter April 10 as Trump Issues New Threats; S&P 500 Posts Best Week Since November Despite Daily Decline

US stock markets fell on April 10 as President Trump issued new warnings to Iran ahead of the Islamabad talks and the Strait of Hormuz remained closed despite the ceasefire. The Dow Jones fell 269 points (-0.56%) to 47,916; the S&P 500 slipped 0.11% to 6,816.89; the Nasdaq moved slightly higher (+0.35%) to 22,902.89. Despite the day's losses, the week's performance was the best since November 2024: the S&P 500 added 3.6% on the week, the Nasdaq rose 4.7%, and the Dow gained 3.0% — almost entirely driven by the ceasefire relief rally on April 8. Oil prices were beginning to creep back up from the post-ceasefire lows, with analysts noting the Hormuz mine problem could re-inflate energy costs if not resolved at Islamabad. CNN reported that the S&P 500 was down less than 1% year-to-date through April 8 despite the historic two-day crash on April 3-4 and the Iran war volatility.