Stocks fell on Tuesday, April 7, as President Donald Trump’s deadline for Iran is approaching.

Since the Strait of Hormuz has not opened yet, the stock market rattled as hopes of a ceasefire are fading.

Dow Jones Industrials fell by 256 points or 0.6%, while the S&P 500 declined by 0.5%. Nasdaq fell by 0.8%, performing relatively poorer than the two indices due to weak chip stocks.

According to The Wall Street Journal, negotiators don’t hold hope that an agreement will be made before the deadline since there’s still too much space between both parties, according to US officials. Despite this, Iranian news sources have suggested that the negotiations aren’t over yet.

Oil prices jumped due to the increased tensions. West Texas Intermediate crude futures climbed by 3%, trading at above $116 a barrel. At the same time, Brent crude climbed above $110 a barrel.

A standout performer was Broadcom, gaining 3% after entering into more agreements regarding artificial intelligence with Google and Anthropic. Arm Holdings, in turn, dropped by almost 6% after being downgraded by Morgan Stanley.

UBS cut its year-end S&P 500 target to 7,500 from 7,700, citing uncertainty from the U.S.-Iran war. 

Demi Lovato is excited for her first tour as a married woman.

The Grammy-nominated singer will embark on her It’s Not That Deep Tour next week — her first tour since tying the knot with fellow musician Jordan “Jutes” Lutes on May 25, 2025. Speaking to Entertainment Tonight on Monday, April 6, the Grammy-nominated singer explained why she believes this tour will be “easier” since Lutes will also be on the road at the same time.

“I’m so excited for him,” Lovato said of Lutes’ upcoming Far From Dilworth Tour.

“We both play a show on our [one] year anniversary,” she continued. “He’ll be in Europe, I’ll be here in the states. And the next day I’ll fly out to see him. I wish we were together, but it’s okay, we’ll be together the next day.”

Indeed, Lutes will be playing a show in Amsterdam while Lovato will be performing in Texas on their one-year anniversary.

The Camp Rock star noted that she and Lutes “do a really great job at balancing work and spending time together” by “staying busy” when the other is at work.

“I think it’ll be a lot easier since he’ll be on the road at the same time, we’ll both be busy,” she explained.

The Sonny With a Chance alum added, “He knows the life and he’s just so supportive, and I wanna be equally as supportive for him.”

Lutes will additionally embark on another newly announced tour, the Smile You’re on Tour, from August. He will be performing in Toronto on Lovato’s 34th birthday on August 20.

Lovato, 33, and Lutes, 34, sparked a romance while working together on her eighth studio album, Holy Fvck, in 2022. The couple went Instagram official shortly after. 

The rapper formerly known as Kanye West was barred Tuesday from entering the U.K., where he was scheduled to headline the Wireless Festival in July, after a backlash over Ye’s history of antisemitic remarks.

Festival organizers canceled the three-day outdoor event as a result of the travel ban and said those who had bought tickets would get refunds.

Ye had been granted an electronic travel authorization which has now been withdrawn on the grounds that his presence in the U.K. would not be “conducive to the public good,” CBS News partner network BBC News said, citing the Home Office.

“Kanye West should never have been invited to headline Wireless,” U.K. Prime Minister Keir Starmer said on social media. “This government stands firmly with the Jewish community, and we will not stop in our fight to confront and defeat the poison of antisemitism. We will always take the action necessary to protect the public and uphold our values.”

The rapper, who changed his name in 2021, had been expected to play his first U.K. dates in more than a decade in front of around 150,000 revelers over three nights July 10-12 at the Wireless Festival, in London’s Finsbury Park. Other acts for the festival had not yet been announced.

The event’s organizers had been under mounting pressure from sponsors and politicians to cancel the gigs by the rapper, who has drawn widespread condemnation for making antisemitic remarks and voicing admiration for Adolf Hitler.

Last year, Ye released a song called “Heil Hitler” and advertised a swastika T-shirt for sale on his website. The song led Australian officials last year to block him from entering their country.

The 48-year-old apologized in January with a letter, published as a full-page advertisement in The Wall Street Journal. He said his bipolar disorder led him to fall into “a four-month long, manic episode of psychotic, paranoid and impulsive behavior that destroyed my life.”

Wireless sponsors Pepsi, Rockstar Energy and Diageo pulled out of the festival since Ye was announced as the headliner.

Starmer had called the booking “deeply concerning,” and Health Secretary Wes Streeting said Tuesday that Ye should “absolutely not” play at the festival.

In a statement issued Tuesday before his travel authorization was revoked, Ye said he “would be grateful for the opportunity to meet with members of the Jewish community in the U.K. in person, to listen.

“I know words aren’t enough — I’ll have to show change through my actions,” he said. “If you’re open, I’m here.”

Phil Rosenberg, president of the Board of Deputies of British Jews, said the group would be willing to meet with the musician if he pulled out of the festival.

“The Jewish community will want to see a genuine remorse and change before believing that the appropriate place to test this sincerity is on the main stage at the Wireless Festival,” Rosenberg said.

Organizer Festival Republic had stood by Ye. In a statement issued Monday, managing director Melvin Benn urged people to offer the performer “forgiveness and hope.”

“We are not giving him a platform to extol opinion of whatever nature, only to perform the songs that are currently played on the radio stations in our country and the streaming platforms in our country and listened to and enjoyed by millions,” the statement said.

Announcing the cancellation, Festival Republic said that “multiple stakeholders were consulted in advance of booking Ye and no concerns were highlighted at the time.

“Antisemitism in all its forms is abhorrent, and we recognize the real and personal impact these issues have had,” it said in a statement. “As Ye said today, he acknowledges that words alone are not enough, and in spite of this still hopes to be given the opportunity to begin a conversation with the Jewish community in the U.K.”

The Community Security Trust, which works to protect British Jews, said the government had made the right decision.

“Anti-Jewish hatred should have no place in society and cultural leaders have a role to play in ensuring that is the case,” it said in a statement.

“People who show genuine and meaningful remorse for previous antisemitic behavior will always receive a sympathetic hearing from the Jewish community, but that process must come before this kind of public rehabilitation.”

A representative for Ye didn’t reply to a request for comment.