S&P 500 Approaches Record, Nasdaq Rises for 10th Day in a Row -- WSJ

Dow Jones04-15
 

By Caitlin McCabe

 

The U.S. blockade of the Strait of Hormuz is proving to be no bother to investors.

U.S. stocks are up, with the Nasdaq composite extending its winning streak to a 10th day and the S&P 500 trading within a half percentage point of a record high. Oil prices are retreating with Brent crude futures down 4% to trade near $95 a barrel and U.S. crude 7% lower to about $92.

The moves follow the U.S. and Iran signaling that they see room to continue talking. Iranian Foreign Minister Abbas Araghchi told his French counterpart that there had been progress in the negotiations on many issues, while President Trump said that the "right people" in Iran still want to make a deal.

Wholesale inflation for March came in cooler than expected this morning, offering an encouraging sign on the impact from the Iran war.

The dollar is down alongside Treasury yields and gold is rising, in a further reversal of trends that had broadly held since the conflict in the Middle East began.

Investors are also parsing earnings from some of America's biggest banks this morning. Both JPMorgan Chase and Wells Fargo indicated that the economy and consumers remained resilient in the first quarter, despite the war in Iran.

 

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

 

(END) Dow Jones Newswires

April 14, 2026 14:23 ET (18:23 GMT)

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