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US open: Stocks higher as Trump extends Iran ceasefire
By Iain Gilbert
Date: Wednesday 22 Apr 2026
(Sharecast News) - Major indices were in the green early on Wednesday after Donald Trump announced the US would extend its ceasefire with Iran, despite having said just hours earlier that he did not "want to do that".
As of 1525 BST, the Dow Jones Industrial Average was up 0.94% at 49,611.55, while the S&P 500 advanced 0.83% to 7,122.56 and the Nasdaq Composite came out of the gate 1.01% firmer at 24,506.18.
The Dow opened 462.17 points higher on Wednesday, more than reversing losses recorded in the previous session.
Shortly after Tuesday's closing bell, Trump said the US would extend its two‑week ceasefire with Iran, arguing the move was warranted due to what he described as a "seriously fractured" government in Tehran.
Trump said Pakistan's field marshal Asim Munir and prime minister Shehbaz Sharif had asked Washington to delay any military action until Iranian leaders could present a unified proposal. He said the US would maintain its blockade of Iranian ports and keep forces "ready and able" while discussions continue.
However, despite the extension, the timeline for talks remains uncertain, with reports from the New York Times and Axios suggesting vice president JD Vance's planned trip to join negotiations had been paused after US officials cited a lack of commitment from Tehran. Iranian state media later reported that negotiators had refused to attend, calling talks with the US a "waste of time".
In the corporate space, Philip Morris reported first quarter revenues of $10.15bn and adjusted profits of $1.96 per share, ahead of the $9.91bn and $1.83 per share expected by analysts, but lowered its full-year profit guidance, highlighting pressure from increased competition in tobacco products and regulatory uncertainty over its Zyn nicotine pouches, while AT&T posted Q1 revenues of $31.5bn, up roughly 3% year-on-year and ahead of consensus estimates of $31.25bn, with adjusted earnings coming to $0.57 cents per share, topping the $0.55 per share anticipated.
Elsewhere, Boeing posted a smaller‑than‑expected Q1 loss of $0.20 per share, compared to the $0.83 per share expected by analysts, as performance improved across the group, including within its core commercial aircraft division.
Still to come, Tesla and IBM will publish their latest quarterly numbers after the close.
On the macro front, US mortgage applications rallied 7.8% week-on-week in the seven days ended 17 April, according to the Mortgage Bankers Association, extending the prior week's 1.8% increase. Last week's increase came alongside a seve basis point reduction in benchmark mortgage rates, which tracked the pullback in long‑term Treasury yields as markets weighed the inflation outlook against rising energy prices. Applications to refinance a mortgage, which are typically more sensitive to week-to-week interest rate changes, jumped by 5.8%, while applications to purchase a home shot up 10% week-on-week.
Reporting by Iain Gilbert at Sharecast.com
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Microsoft Corp. (MSFT) $428.20 2.43%
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Boeing Co. (BA) $223.94 1.95%
Walt Disney Co. (DIS) $106.07 1.68%
Salesforce.Com Inc. (CRM) $189.45 1.54%
Chevron Corp. (CVX) $188.53 1.47%
Goldman Sachs Group Inc. (GS) $940.69 1.39%
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Amgen Inc. (AMGN) $347.02 1.13%
Dow Jones - Fallers
Intel Corp. (INTC) $66.35 -1.22%
Verizon Communications Inc. (VZ) $45.72 -1.13%
Apple Inc. (AAPL) $268.52 -0.82%
Travelers Company Inc. (TRV) $301.58 -0.18%
Merck & Co. Inc. (MRK) $112.80 -0.07%
Dowdupont Inc. (DWDP) $0.00 0.00%
Walmart Inc. (WMT) $0.00 0.00%
Walgreens Boots Alliance, Inc. (WBA) $0.00 0.00%
Visa Inc. (V) $310.51 0.05%
3M Co. (MMM) $148.93 0.19%
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Teleflex Inc. (TFX) $136.03 9.03%
Boston Scientific Corp. (BSX) $64.27 8.30%
Northern Trust Corp. (NTRS) $172.35 5.91%
Philip Morris International Inc. (PM) $162.57 5.12%
NetApp Inc. (NTAP) $112.53 5.02%
Apache Corp. (APA) $37.97 4.65%
Biogen Inc (BIIB) $189.64 4.48%
Intuitive Surgical Inc. (ISRG) $482.66 4.42%
Fortinet Inc. (FTNT) $86.63 4.26%
S&P 500 - Fallers
TE Connectivity Ltd (TEL) $217.57 -10.10%
Travel + Leisure Co (TNL) $68.80 -9.18%
Nektar Therapeutics (NKTR) $96.69 -8.40%
United Airlines Holdings Inc (UAL) $93.80 -6.33%
Best Buy Co. Inc. (BBY) $63.67 -4.61%
Hasbro Inc (HAS) $91.71 -4.44%
Tractor Supply Company (TSCO) $39.43 -4.20%
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General Electric Co. (GE) $277.63 -3.27%
Dollar Tree Inc (DLTR) $104.85 -3.12%
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Intuitive Surgical Inc. (ISRG) $484.10 4.42%
Adobe Systems Inc. (ADBE) $254.68 3.75%
Seagate Technology Plc (STX) $567.87 3.20%
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Skyworks Solutions Inc. (SWKS) $61.53 2.62%
Microsoft Corp. (MSFT) $428.85 2.43%
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Hasbro Inc (HAS) $91.71 -4.44%
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Dollar Tree Inc (DLTR) $104.30 -3.12%
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American Airlines Group (AAL) $11.82 -2.80%
Expedia Group Inc. (EXPE) $267.94 -2.50%
Baidu Inc. (BIDU) $124.00 -2.37%
Wynn Resorts Ltd. (WYNN) $107.32 -2.37%
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