Stock market news for April 13, 2026

The S&P 500 rose on Monday as traders hoped {that a} deal would finally be struck between the US and Iran.

The broad market index jumped 1.02% to finish at 6,886.24, the best shut since earlier than the warfare started. The Nasdaq Composite gained 1.23% to 23,183.74. The Dow Jones Industrial Average added 301.68 factors, or 0.63%, to settle at 48,218.25. The 30-stock index got here again from a decline of greater than 400 factors, or about 0.9%, earlier within the session. The S&P 500 was down 0.4% at its session low, whereas the Nasdaq had fallen 0.5%.

Technology names supplied a lift to the broader market, with software program shares reminiscent of Oracle and Palantir Technologies rising practically 13% and greater than 3%, respectively. Those advances helped the S&P 500 erase its decline because the Iran warfare.

Stocks took a leg increased after President donald trump mentioned, “We’ve been called by the other side.” He added, “They’d like to make a deal very badly.”

This comes after Trump introduced a blockade of the Strait of Hormuzwith peace talks between the US and Iran over the weekend ending and not using a deal. The blockade of all maritime traffic out and in of Iran’s ports went into effect Monday. US Central Command mentioned the US is not going to block vessels utilizing the strait to get to non-Iranian ports.

The breakdown of negotiations in Islamabad reignited worries that the Iranian warfare will last more than feared, resulting in increased oil costs that may proceed to pressure economies worldwide. West Texas Intermediate crude oil superior 2.6% to settle at $99.08 per barrel. International Brent popped 4.37% to settle at $99.36 a barrel.

Vice President JD Vance left Islamabad and not using a cope with his Iranian counterparts, citing their unwillingness to cease the pursuit of nuclear weapons. But each side seem farther aside than simply that situation, with Iran demanding management of the Strait of Hormuz, warfare reparations and the discharge of frozen belongings.

Mediators from Pakistan, Egypt and Turkey will proceed talks with the 2 nations over the approaching days, Axios reportedciting a regional supply and a US official.

Trump, who introduced the naval blockade after talks broke down, is weighing summarizing military strikesthe Wall Street Journal reportedciting officers acquainted with the state of affairs.

“Investors are now back to the drawing board trying to reassess the fair value of stocks now that it’s clear that there is no end in sight to the conflict in the Middle East,” mentioned Clark Bellin, president and chief funding officer at Bellwether Wealth. “The Strait of Hormuz is key for oil prices and overall market sentiment, and it’s clear that there will be more to know rattling over this waterway between the US and Iran this week.”

Hopes for a swift finish to the warfare helped all three main benchmarks submit their best week since Novemberfollowing the announcement of a two-week ceasefire between the US and Iran. The S&P 500 rallied 3.6% final week, whereas the Nasdaq jumped about 4.7%. The Dow gained 3%.

BlackRock has raised its outlook for US equities, saying {that a} “contained” macro influence from the warfare in addition to strong company earnings might create a fertile floor for future positive aspects.