A trader works on the floor of the New York Stock Exchange (NYSE) following the opening bell in New York on April 16, 2026. Wall Street stocks were little changed early Thursday, lingering near records amid hopes for a resolution of the US-Iran war as markets continue to shrug off economic effects. Both the S&P 500 and Nasdaq finished at records Wednesday as analysts pointed to an expected surge in equities if a peace deal is reached and to US bank earnings that showed American consumers remain healthy. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

Nestle Chairman Pablo Isla delivers a speech during the annual general meeting of Swiss food giant Nestle in Ecublens near Lausanne, on April 16, 2026. (Photo by Fabrice COFFRINI / AFP via Getty Images)

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on April 16, 2026. Wall Street stocks were little changed early Thursday, lingering near records amid hopes for a resolution of the US-Iran war as markets continue to shrug off economic effects. Both the S&P 500 and Nasdaq finished at records Wednesday as analysts pointed to an expected surge in equities if a peace deal is reached and to US bank earnings that showed American consumers remain healthy. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

WASHINGTON, DC - APRIL 16: Mark Warner (Senator - Virginia) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Mark Warner (Senator - Virginia) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Shelby Talcott (White House Correspondent - Semafor) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Shelby Talcott (White House Correspondent - Semafor) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Dr. Mehmet Oz (17th Administrator of the Centers for Medicare & Medicaid Services - HHS) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)