beyondantares
04-14 10:36
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@nerdbull1669The US stock market closed higher on Monday, April 13, 2026, as investors shook off a volatile morning session and found optimism in signs of continued diplomatic dialogue between the US and Iran.Despite an early dip triggered by a weekend breakdown in ceasefire talks and the announcement of a naval blockade in the Strait of Hormuz, all major indexes finished in the green. Major Index Performance S&P 500 closes at 6,886.24 up by +69.35, +1.02% Nasdaq Composite closes at 23,183.74, up +280.84, +1.23% Dow Jones Industrial closes at 48,218.25 up by +301.68, +0.63% Russell 2000 (Small Caps) closes at 2,670.49, up +39.90, +1.52% Key Market Drivers Geopolitics & Oil: Markets opened under pressure after President Trump announced a blockade of Iranian ports. Crude oil briefly jumped above $100 per barrel. However, prices pared those gains (WTI settled back near $100) after clarifications that the blockade would not target all traffic in the Strait of Hormuz, and reports emerged of ongoing talks in Pakistan. Tech Recovery: Software and AI-related stocks staged a relief rally. Oracle led the S&P 500 with a 11.8% gain, while Sandisk jumped 10.6% on news it would replace Atlassian in the Nasdaq 100. Earnings Kickoff: The Q1 earnings season began with mixed results. Goldman Sachs reported a strong earnings beat but saw its stock fall 3.8% as investors focused on weaker-than-expected revenue in its fixed-income trading division. Housing Slump: Data showed U.S. existing home sales fell to an annualized rate of 3.98 million in March, the weakest Q1 average since 2009. However, the median sales price rose to $408,800, hitting a record for the period. Looking Ahead Investors are shifting focus toward tomorrow’s Producer Price Index (PPI) report, which is expected to show a sharp 1.2% rise in wholesale prices due to recent energy spikes. Major banks like JPMorgan Chase and Citigroup are also slated to report later this week. $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $Global X Dow 30 Covered Call ETF(DJIA)$ $RUSSELL 2000 SOURCE ETF(IRSTF)$
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