News Bulletin
Monday, April 06, 2026
Morning Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Monday, April 6, 2026
10:00	ISM Non-Manufacturing Prices (Mar)			63.00
10:00	ISM Non-Manufacturing PMI (Mar)		54.80	56.10
10:00	ISM Non-Manufacturing Employment (Mar)			51.80

Indices

	CLOSE	50 DMA	200 DMA
DJIA	46,504.67	48,170.71	46,716.73
NASDAQ	21,879.18	22,616.87	22,339.22
S&P 500	6,582.69	6,783.34	6,644.86

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
Greenbrier Companies GBX:US		0.9		685.36M	$1.64B	PM

Market News:

Futures linked to the major U.S. indices inch higher, with markets assessing hopes for a potential ceasefire in the war in Iran against ongoing fighting and a fresh ultimatum from President Donald Trump. Oil and gold prices whipsaw after a report says Iran and the United States have received a framework to end hostilities and unblock the Strait of Hormuz.

1. Futures gain

U.S. stock index futures pointed broadly higher on Monday, as investors gauged conflicting signals around the trajectory for the war in Iran.

By 04:09 ET (08:09 GMT), S&P 500 futures had gained 16 points, or 0.2%, Nasdaq 100 Futures had risen by 109 points, or 0.5%, and Dow Jones futures ticked up by 33 points, or 0.1%.

The moves followed a positive week on Wall Street. The blue-chip Dow Jones Industrial Average rose 3%, the benchmark S&P 500 gained 3.4%, and the tech-heavy Nasdaq Composite advanced 4.44%.

But markets remain largely on edge, with traders attempting to keep track of rapid developments out of the Middle East.

"[T]he Iran news flow and narrative seem to change by the hour, with dramatic developments on the ground, sharp swings in Trump’s rhetoric [...], and fresh deadlines [...]," analysts at Vital Knowledge said in a note to clients.

2. Iran, U.S. receive plan to end hostilities and reopen Strait of Hormuz – Reuters

Iran and the United States have received a framework to end hostilities and reopen the Strait of Hormuz, several media outlets reported, citing sources aware of the proposals. The plan could take effect as early as Monday.

According to the Associated Press, the plan has been put together by Pakistan, Egypt and Turkey and was exchanged with both sides overnight. It reportedly follows a two-stage approach: an immediate ceasefire followed by a broader comprehensive agreement.

"All elements need to be agreed today," the source told Reuters, adding that the initial understanding would be structured as a memorandum of understanding finalized electronically through Pakistan, which has served as the sole communication channel in the discussions.

Pakistan’s army chief, Field Marshal Asim Munir, has been in contact "all night long" with U.S. Vice President JD Vance, special envoy Steve Witkoff and Iranian Foreign Minister Abbas Araqchi, the report said.

Axios first reported Sunday that the U.S., Iran and regional mediators were discussing a potential 45-day ceasefire as part of a two-phase deal that could lead to a permanent end to the war, citing U.S., Israeli and regional sources.

In a social media post and media interviews over the weekend, President Trump issued a fresh warning that the U.S. would strike Iran’s power facilities if the Strait of Hormuz, a crucial waterway through which roughly a fifth of the world’s oil flows, is not unblocked by Tuesday evening. Iran has rejected the ultimatum.

Trump had previously given Tehran until Monday to reach a deal and open the strait to tanker traffic. The weeks-long closure has threatened to place a major strain on countries around the world with a burst of fresh inflationary pressures, potentially weighing on wider economic growth.

3. IRGC intelligence head killed - reports

Still, fighting has intensified across the Middle East. Iranian state media on Monday announced the death of Majid Khademi, the head of intelligence for Iran’s Revolutionary Guard, without providing further details.

Later reports said Khademi was killed in an attack, which the Guard blamed on the United States and Israel. The location of the strike was not disclosed, but multiple airstrikes were reported around Tehran early Monday, including in residential areas.

The Israeli military said it carried out a new wave of strikes targeting the Iranian regime in Tehran.

Iran responded with missile attacks, launching four rounds toward Israel early Monday. Authorities in the United Arab Emirates, Saudi Arabia and Kuwait said their air defense systems intercepted incoming strikes.

4. Oil whipsaws

Against this backdrop, oil prices edged down, erasing earlier gains.

Brent crude futures, the global benchmark, were last down by 0.5% at $108.54 a barrel, after earlier briefly topping $110 a barrel.

Oil prices have surged since the beginning of the joint U.S. and Israeli assault on Iran in late February, driven by worries over constraints on key supplies of energy products used in an array of industries. Prior to the start of the war, the Brent contract was exchanging hands at around $70 a barrel.

Elsewhere, gold prices reversed early losses. Bullion had risen 4% in the previous week.

5. Paramount secures $24 billion from Gulf funds for Warner deal, WSJ reports

Paramount Skydance has secured roughly $24 billion in equity commitments from three Gulf sovereign wealth funds to support its $81 billion takeover of Warner Bros Discovery (NASDAQ:WBD), the Wall Street Journal reported on Sunday, citing people familiar with the matter.

Saudi Arabia’s Public Investment Fund is set to contribute about $10 billion, alongside commitments from the Qatar Investment Authority and Abu Dhabi-based L’imad Holding Co., the report said.

The funding will help offset costs for Paramount, led by David Ellison, and partner RedBird Capital, as they pursue the media deal announced in February. Paramount had previously disclosed similar aggregate commitments, but the WSJ report detailed the investors.

The acquisition, which includes assets such as HBO and CNN, is undergoing regulatory review in Europe and could close as early as July, the report said.

For internal use only