# The S&P 500 Index ($SPX) (SPY) is down -0.63%, the Dow Jones Industrial Average ($DOWI) (D.

*business · news · 2026-04-07 · Barchart*

## Key points

- US conducted strikes on Iranian military targets on Kharg Island, escalating regional tensions.
- President Trump set an 8 pm EST deadline for Iran to agree to a ceasefire or face escalation.
- Managed care stocks surged after CMS finalized a 2.48% rate hike for health insurers in 2027.
- Apple's foldable iPhone faces engineering setbacks, potentially delaying production and shipment.
- ASML shares fell after US lawmakers proposed tighter restrictions on chip-tool exports to China.

**Companies:** Apple, Broadcom, UnitedHealth Group, Carnival, Norwegian Cruise Line Holdings, Royal Caribbean Cruises Ltd, United Airlines Holdings, American Airlines Group, Southwest Airlines, Alaska Air Group, Delta Air Lines, Coinbase Global, MARA Holdings, Galaxy Digital Holdings, Strategy, Riot Platforms, Lennar, KB Home, PulteGroup, DR Horton, Toll Brothers, Humana, CVS Health, Elevance Health, Centene, Molina Healthcare, ARM Holdings Plc, Tractor Supply Co, First Interstate BancSystem, ASML Holding NV, Phillips 66, Paramount Skydance, CF Industries Holdings
**Countries:** United States, Iran, China, Japan

[Read the full story on Barchart](https://www.barchart.com/story/news/1178337/stocks-tumble-and-crude-prices-jump-on-fears-of-iran-war-escalation)

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