Closing Bell Overtime: Markets Eye Upside Risks as Oil Moves, Semis Face the Test and Consumers Stay in Focus 4/7/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 7 April 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks push higher in the final hour with the S&P 500 and Nasdaq ending the day higher on renewed ceasefire hopes. Adam Crisafulli of Vital Knowledge and Paul Christopher of Wells Fargo break down the outlook and explain why risks for the S&P 500 may still skew to the upside even as recent events create a ceiling. Robert Drbul of BTIG analyzes Levi’s results and what they signal about spending trends and demand. Commodities remain a key driver; Francisco Blanch of Bank of America discusses moves in oil and broader commodity markets and what they mean for inflation and global growth. In tech Dan Niles of Niles Investment Management tackles a key question: can semiconductors remain a safe haven as geopolitical tensions ripple across markets and is there enough spending to support the trade? Plus, Tom Fitzgerald of Cowen looks ahead to Delta earnings.

Transcript

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0:00.0	The bell is bringing an end to the trading day at the NYSC Voia Financial ringing the bell,
0:06.8	and at the NASDAQ, SS&C Technologies, doing the honors.
0:10.6	Welcome to closing bell overtime, live from Studio B at the NASDAQ market site.
0:14.6	I'm Mike Santoli. Melissa Lee is off today.
0:17.3	While stocks closing well off their worst levels of the session, the Dow is down 450 points
0:23.5	at the low of the day, the S&P 500 and the NASDAQ, turning slightly positive in the final
0:28.7	minute of trading. Coming up, we'll get the latest news on negotiations with Iran, which are
0:33.1	helping stocks recover, plus the impact on oil and all the big market movers, including Apple,
0:39.1	our team is all over every side of it.
0:41.8	Also on our radar at the close are chip stocks, a good safe haven to hide in while politics
0:48.1	caused stock volatility.
0:49.9	Dan Niles joins us to talk about that.
0:52.4	Earning season is about to get started.
1:14.7	We'll hear from Levi's in just a few moments. And Delta reports tomorrow morning. We'll get a preview of that one. But let's begin with Megan Kisela with the latest from the White House. Megan. Mike, some really fast-moving pieces just in the last hour or so on this. Starting with a proposal in the last half hour or so from the Pakistani Prime Minister, suggesting that everything essentially be put on pause for another two weeks as a diplomatic solution is worked out. There are three parts to this from the Pakistani Prime
1:19.4	Minister. President Trump would extend his deadline from 8 p.m. tonight for another two weeks. Iran
1:24.3	would reopen the Strait of Hormuz for a corresponding two weeks, and there would be
1:28.0	a ceasefire everywhere for another two weeks. Now, I reached out to the White House about this,
1:32.4	and White House Press Secretary Caroline Levitt told me that the president has been made aware of the
1:36.4	proposal and that a response will come. Separately, we also heard that a senior Iranian official
1:42.0	told Reuters that Tehran is positively reviewing
1:44.5	Pakistan's request for a two-week ceasefire.
1:47.4	Previously, we had heard that the Iranians were not interested in anything that was amounting
	...

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