Patrick McKeon, center, works on the floor at the New York Stock Exchange in New York, Tuesday, March 31, 2026. (AP Photo/Seth Wenig)2026-04-06T02:46:22Z NEW YORK (AP) The U.S. stock market is making only hesitant moves Monday, while oil prices are flip-flopping ahead of a deadline that President Donald Trump has set to bomb Iranian power plants.The S&P 500 edged up by 0.3% in midday trading, coming off its first winning week in the last six. The Dow Jones Industrial Average was up 100 points, or 0.2%, as of 12:30 p.m. Eastern time, and the Nasdaq composite was 0.4% higher.Oil prices likewise seesawed between gains and losses amid continued uncertainty about what will happen in the war with Iran and how long it will slow the global flow of oil and natural gas. Iran on Monday rejected the latest ceasefire proposal and instead said it wants a permanent end to the war, though the talks may not have collapsed.We wont merely accept a ceasefire, Mojtaba Ferdousi Pour, head of the Iranian diplomatic mission in Cairo, told The Associated Press. We only accept an end of the war with guarantees that we wont be attacked again. Fighting is continuing, meanwhile, including an Israeli attack on an Iranian petrochemical plant. And in the background is the clock ticking toward a deadline, which Trump has moved multiple times, where he has threatened to attack Irans infrastructure if it does not open the Strait of Hormuz. A fifth of the worlds oil typically sails through the strait during peacetime. Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran, Trump said on his social media network over the weekend, threatening Iranian leaders that youll be living in Hell - JUST WATCH! Read More Monday also offered the first chance for U.S. stock prices to react to a report from Friday that said U.S. employers hired more workers last month than economists expected. The unemployment rate unexpectedly improved. Theyre encouraging signals for an economy thats had to absorb painful leaps in costs for gasoline since the wars beginning. The average price for a gallon of regular gasoline is nearly $4.12 across the country, according to AAA. It was below $3 a couple days before the United States and Israel launched attacks to begin the war in late February. For countries that dont produce as much oil as the United States, the pain has been even worse. Thats because they are more reliant on oil coming from the Middle East, and the war has blocked in much of the crude produced in the Persian Gulf area. That oil typically gets to customers around the world by exiting the Strait of Hormuz. The price for a barrel of benchmark U.S. crude rose 0.3% to $111.88 after erasing an earlier modest dip. Brent crude, the international standard, added 0.2% to $109.26 per barrel and remains well above its roughly $70 price from before the war. Sign up for Morning Wire: Our flagship newsletter breaks down the biggest headlines of the day. Email address Sign up By checking this box, you agree to AP's Terms of Use and acknowledge that AP may collect and use your data pursuant to our Privacy Policy. On Wall Street, a split performance for the Big Tech stocks that are the U.S. markets most influential kept things in check. Apple rose 1.2%, and Amazon added 1.4%, but Microsoft fell 0.5%.Bank stocks were some of the markets strongest, including a 1.6% rise for JPMorgan Chase. CEO Jamie Dimon said in his annual letter to shareholders released on Monday that the U.S. economy continues to be resilient, and businesses still look healthy. He, though, also acknowledged that prices for stocks and other assets are high, which could imply anything less than positive outcomes could have a dramatic impact on global markets.In the bond market, Treasury yields held relatively steady. The 10-year Treasury yield was sitting at 4.32%. Thats still well above its 3.97% level from before the war.That rise has pushed up rates for mortgages and other loans going to U.S. households and businesses, slowing the economy.A report on Monday also said that finance, transportation and other U.S. businesses in services sectors grew in March for a 21st straight month of expansion. But the growth was slightly slower than economists expected, and a measure of prices accelerated at its fastest pace since 2022 in a potentially discouraging signal for inflation. In stock markets abroad, Japans Nikkei 225 added 0.5%, and South Koreas Kospi jumped 1.4%. Many other markets in Europe and Asia were closed for holidays. ___AP Business Writers Yuri Kageyama and Matt Ott contributed.