The Nasdaq led the S&P 500 and Dow higher amid Iran deal hopes and a rush of earnings.
Optimism that the April 7 truce can be extended before it expires next week has added to already growing hopes for a longer-lasting peace deal, which on Monday helped the S&P 500 (^GSPC) effectively wipe out losses accumulated since the start of the conflict.
Against that backdrop, oil prices dropped back below $100 a barrel, but with investors watching for signs of traffic through the Strait of Hormuz. West Texas Intermediate (CL=F) crude retreated 3.5% to trade near $96 per barrel, while Brent (BZ=F) crude fell 2% to sit near around $97.30
US producer prices rose slower than expected in March, according to data from the Bureau of Labor Statistics released Tuesday, rising 0.5% in March over the previous month, in line with February’s revised gain of 0.5% and less than economists’ expectations for an increase of 1.1% on the month.
Looking ahead, attention turns to earnings season. JPMorgan Chase (JPM) reported a 13% rise in profits as CEO Jamie Dimon acknowledged the economy is facing an “increasingly complex set of risks.” BlackRock (BLK), Wells Fargo (WFC), Citigroup (C) also reported beats on earnings. Other major banks, including Bank of America (BAC), and Morgan Stanley (MS), report this week, offering key insight into the health of the financial sector.
Daily Market Coverage Apr. 14, 2026 9AM-11AM (ET) | Yahoo Finance
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