Stock market news for April 27, 2026

The S&P 500 and the Nasdaq Composite rose to new file highs on Monday, however good points have been restricted as stalled Iranian peace talks and a contemporary escalation within the Strait of Hormuz pushed oil costs greater.

The broad market index added 0.12% and closed at a file degree of seven,173.91. The Nasdaq Composite gained 0.20% and notched a closing file of 24,887.10. Both indexes additionally reached new all-time highs within the session. The Dow Jones Industrial Average fell 62.92 factors, or 0.13%, to settle at 49,167.79.

President donald trump on Saturday scrapped plans to ship US particular envoy Steve Witkoff and Jared Kushner to Pakistan for ceasefire talks associated to Iran, noting the negotiations might occur by cellphone.

“Too much time wasted on traveling, too much work!” the president wrote in a post on Social Truth. “Nobody knows who is in charge, including them. Also, we have all the cards; they have none! If they want to talk, all they have to do is call!!!”

Iran’s Foreign Ministry spokesperson Esmaeil Baqaei mentioned no assembly between Tehran and Washington is at present deliberate.

Oil prices were higher on Monday because the US and Iran remained in a stalemate. West Texas Intermediate futures rose 2.09% to settle at $96.37 per barrel, whereas worldwide benchmark Brent oil futures superior 2.75% to shut at $108.23 a barrel.

To be certain, Iran has reportedly offered a new proposal to the US for reopening the Strait of Hormuz and ending the struggle whereas suggesting that nuclear talks be deferred. White House press secretary Karoline Leavitt confirmed Monday that Trump and his nationwide safety crew mentioned Iran’s proposal.

“While this is a modest negative, we continue to think the conflict remains on a path of de-escalation,” mentioned Adam Crisafulli of Vital Knowledge in a notice.

Although buyers have began to look previous the struggle, with the market coming off per week stuffed with a number of all-time highsit nonetheless very a lot stays “in play,” in response to Gabriel Shahin of Falcon Wealth. That’s whilst earnings season additional unfolds following an upbeat start.

“Oil prices will still continue to be very important, as … that is a key driver,” the CEO and founder mentioned, noting that there ought to solely be stability “once the strait is more under control.” Shahin continued, “That’s why I still think Iran is [the] number one priority.”

However, it’s attainable “we could have some calmness just for the next seven days” relying on how the week’s quarterly outcomes shake out, he added. This week is the busiest one of the reporting seasonand 5 “Magnificent Seven” corporations specifically are scheduled to launch.