{"id":61151,"date":"2026-04-21T16:38:31","date_gmt":"2026-04-21T20:38:31","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-extends-iran-ceasefire-amid-pakistan-mediation-dow-dips-as-silver-and-platinum-slump\/61151\/"},"modified":"2026-04-21T16:38:31","modified_gmt":"2026-04-21T20:38:31","slug":"trump-extends-iran-ceasefire-amid-pakistan-mediation-dow-dips-as-silver-and-platinum-slump","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-extends-iran-ceasefire-amid-pakistan-mediation-dow-dips-as-silver-and-platinum-slump\/61151\/","title":{"rendered":"Trump Extends Iran Ceasefire Amid Pakistan Mediation; Dow Dips as Silver and Platinum Slump"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> extended the U.S.-Iran ceasefire<\/strong> at the request of Pakistan\u2019s leadership, though the <strong>naval blockade remains in place<\/strong> until Tehran submits a unified proposal.<\/li>\n<li><strong>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> fell 0.57% to 49,160.12<\/strong>, while precious metals saw a sharp sell-off with <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> plunging 5%<\/strong> and <strong>Platinum dropping 3%<\/strong>.<\/li>\n<li><strong>United Airlines (<a href=\"\/stock\/UAL\">UAL<\/a>)<\/strong> reported a strong Q1 beat with <strong>$14.6 billion in revenue<\/strong>, while <strong>Capital One (<a href=\"\/stock\/COF\">COF<\/a>)<\/strong> saw revenue surge 52% year-over-year despite a miss on interest margins.<\/li>\n<li><strong>Fed Chair nominee Kevin Warsh<\/strong> signaled a policy of <em>&quot;evolution, not revolution,&quot;<\/em> emphasizing data-driven decisions and a potential reduction of the central bank&#39;s balance sheet.<\/li>\n<li><strong>Transportation Secretary Sean Duffy<\/strong> is seeking <strong>$10 billion from Congress<\/strong> for the next phase of a massive, multi-year air traffic control modernization project.<\/li>\n<\/ul>\n<h2>Geopolitical Tensions and the Iran Ceasefire<\/h2>\n<p>President <strong>Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> announced via Truth Social that the United States will extend its current ceasefire with <strong>Iran<\/strong>, citing a direct request from Pakistan\u2019s <strong>Field Marshal Asim Munir<\/strong> and <strong>Prime Minister Shehbaz Sharif<\/strong>. Trump noted that Iran\u2019s government appears <em>&quot;seriously fractured&quot;<\/em> and stated the U.S. will hold its attack until Tehran\u2019s leaders present a <strong>unified proposal<\/strong>.<\/p>\n<p>Despite the pause in active hostilities, the President has directed the military to maintain its <strong>naval blockade<\/strong> and remain fully prepared for a resumption of conflict. In a related move, Vice President <strong>JD Vance<\/strong> reportedly <strong>called off a scheduled trip to Pakistan<\/strong>, while Iran\u2019s Agriculture Minister claimed the country has had no issues securing <strong>essential food supplies<\/strong> despite the ongoing U.S. maritime restrictions.<\/p>\n<h2>Market Close and Commodity Slump<\/h2>\n<p>The <strong>Dow Jones Industrial Average<\/strong> closed lower on Tuesday, shedding <strong>282.44 points (0.57%)<\/strong> to finish at <strong>49,160.12<\/strong>. The broader market sentiment was weighed down by volatility in the commodities sector, where safe-haven assets faced intense selling pressure.<\/p>\n<p><strong>Spot Silver<\/strong> plummeted more than <strong>5% to $75.62\/oz<\/strong>, marking one of its sharpest single-day declines in recent months. <strong>Spot Platinum<\/strong> followed suit, dropping over <strong>3% to settle at $2,015.00\/oz<\/strong>. <em>Market analysts suggest the extension of the ceasefire may have temporarily eased the immediate &quot;war premium&quot; on precious metals, leading to the sharp correction.<\/em><\/p>\n<h2>Corporate Earnings: UAL, COF, and IBKR<\/h2>\n<p>United Airlines (<a href=\"\/stock\/UAL\">UAL<\/a>) delivered a robust Q1 2026 performance, reporting <strong>operating revenue of $14.6 billion<\/strong>, surpassing the $14.46 billion analyst estimate. The carrier posted an <strong>Adjusted EPS of $1.19<\/strong>, beating the $1.04 forecast, and provided Q2 guidance of <strong>$1 to $2 per share<\/strong>.<\/p>\n<p>Capital One (<a href=\"\/stock\/COF\">COF<\/a>) reported a <strong>52% year-over-year revenue increase<\/strong> to <strong>$15.23 billion<\/strong>, though its <strong>Net Interest Margin of 7.87%<\/strong> fell short of the 8.19% estimate. The bank also set aside <strong>$4.07 billion<\/strong> for credit losses. Meanwhile, Interactive Brokers (<a href=\"\/stock\/IBKR\">IBKR<\/a>) reported <strong>net revenue of $1.68 billion<\/strong> and an <strong>Adjusted EPS of $0.60<\/strong>, while raising its quarterly dividend to <strong>$0.0875 per share<\/strong>.<\/p>\n<h2>Federal Policy and Corporate Finance<\/h2>\n<p>Federal Reserve Chair nominee <strong>Kevin Warsh<\/strong> has signaled a steady approach to monetary policy, describing his vision as <em>&quot;evolution, not revolution.&quot;<\/em> Warsh indicated a preference for being <strong>forward-looking<\/strong> and potentially shrinking the Fed\u2019s balance sheet, while maintaining independence from short-term political pressures.<\/p>\n<p>In the public sector, <strong>Transportation Secretary Sean Duffy<\/strong> is requesting <strong>$10 billion<\/strong> for the next phase of a state-of-the-art <strong>air traffic control overhaul<\/strong>, aimed at replacing 1960s-era technology. On the corporate side, <strong>Goldman Sachs Private Credit Corp<\/strong> issued <strong>$750 million in 6.150% notes<\/strong> due June 2031, according to an SEC filing, with proceeds intended to repay existing debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump extended the U.S.-Iran ceasefire at the request of Pakistan\u2019s leadership, though the naval blockade remains in 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