US stocks closed mixed on Friday, April 10, with the Nasdaq Composite rising 0.35% and the Dow Jones Industrial Average falling 269 points or 0.56%, while the S&P 500 edged down 0.12%. Despite the late-week softness, broader indices posted solid weekly gains as of the trading session, with the S&P 500 up more than 3% for the week and set for its strongest weekly performance since November. The Nasdaq has climbed over 4%, also tracking its best week since November, driven largely by strength in semiconductor stocks including Nvidia and Broadcom, which lifted Wall Street despite mixed overall sentiment. Geopolitical developments remained a central theme, as market participants tracked the fragile two-week ceasefire between the United States and Iran. President Donald Trump accused Iran of engaging in "short term extortion of the World by using International Waterways" and posted on Truth Social that its leadership believed they have no cards left to play, noting they are alive only to negotiate. Separately, Senator Elizabeth Warren requested a Federal probe by the Commodity Futures Trading Commission into "unusual trading patterns" in oil futures that occurred immediately preceding Trump administration announcements of a potential ceasefire in the Iran war. The letter, sent April 9 to the CFTC chairman, was also signed by Democratic Senator Sheldon Whitehouse regarding questions about misappropriation of material nonpublic government information. In corporate and regulatory news, Bank of Canada and major financial firms met to discuss cybersecurity risks raised by Anthropic PBC's latest artificial intelligence model, following a similar urgent discussion in the US involving Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell with Wall Street leaders including Citigroup’s Jane Fraser and Goldman Sachs’ David Solomon. Epic Games announced plans to shut down several game modes including Fortnite Ballistic on April 16 and Rocket Racing in October following layoffs of 1,000 employees earlier as part of a $500 million cost-saving effort amidst challenges delivering consistent updates. Looking ahead, Goldman Sachs traders noted record fast-money heading into US stocks, with systematic investors poised to deploy a record amount after slashing exposure to multiyear lows during the recent Iran war-driven selloff. Commodity Trading Advisers sold about $48 billion of S&P 500 futures over the past month. Meanwhile, BMO analyst Vail Hartman warned that while the Fed may take solace in core inflation data, a persistent shock to energy prices could put upward pressure on future CPI reports. Additionally, six major US banks are expected to issue fewer bonds this quarter, between $35 billion and $45 billion of high-grade securities, following the busiest start of a year on record where nearly all debt was priced in Q1 with investment-grade debt at $65.8 billion.