AdvertisementAdvertisementEd Curran works on the floor at the New York Stock Exchange in New York, Tuesday, Apr 7, 2026. (Photo: AP/Seth Wenig)11 Apr 2026 07:39AM (Updated: 11 Apr 2026 07:41AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST NEW YORK: Wall Street stocks rose sharply over the week and oil prices fell as a fragile truce was struck between the United States and Iran, with ceasefire talks due to start in Islamabad on Saturday (Apr 11).For the week, all three major US indices advanced by more than three per cent. Oil prices retreated once again on Friday. For the week, they tumbled by approximately 13 per cent.The New York Stock Exchange closed mixed for the day Friday - the Dow Jones shed 0.6 per cent, the Nasdaq gained 0.4 per cent, and the broader S&P 500 index was flat, slipping 0.1 per cent."Markets are trading on a cautious tone ahead of the US-Iran ceasefire talks," Elias Haddad of Brown Brothers Harriman (BBH) said in a note."For financial markets, the key issue is whether peak shipping security fear is now behind us."Official sources say the talks in Islamabad will cover Iran's nuclear enrichment and the free flow of oil through the Strait of Hormuz.Since the ceasefire took effect, US President Donald Trump has voiced displeasure at Iran's handling of the strategic strait, which was meant to be reopened."The key issue for the oil market is whether ship traffic through the Strait of Hormuz will resume," Carsten Fritsch of Commerzbank said in a note. "So far, there are no signs of this happening."Inflation in the United States rose sharply in March, government data showed Friday, as higher energy prices due to the war hit Americans hard. Prices rose 3.3 per cent from a year earlier.White House spokesperson Kush Desai responded by saying the US economy "remains on a solid trajectory."Iranian delegation lands in Islamabad ahead of 'make-or-break' talksFive things to know about the planned Iran-US talks in IslamabadSource: AFP/szSign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST