Traders work on the floor of the New York Stock Exchange during morning trading on April 13, 2026.
Michael M. Santiago | Getty Images
Stocks rose on Tuesday after strong trading as traders ignored the breakdown in peace talks between the US and Iran but remained optimistic that a deal between the two countries was still possible.
of S&P500 It rose 1.18% to close at 6,967.38. The market-wide index is currently less than 1% below its 52-week high. of Dow Jones Industrial Average It added 317.74 points (0.66%) to close at 48,535.99. of Nasdaq Composite It rose 1.96% to end at 23,639.08.
Technology stocks continued to support the overall market. oracleFor example, it rose 4.7%, building on the more than 12% rise seen in the previous trading day. Nvidia and Palantir Technologies He also recorded a winning session.
Wall Street once again demonstrated resilience in the face of increasing geopolitical uncertainty. Despite the breakdown in negotiations between the US and Iran over the weekend, major average stock prices posted solid gains since the beginning of the week. President Donald Trump also said Monday: “We’re called from the other side.” He also said: “They very much want a deal.”
Monday’s gains erased the S&P 500’s losses suffered since the Iran war began.
SPX since the Iran war began
“I don’t want to rule out the possibility of a re-escalation or further downside from this, but I think it’s unlikely. I think the market has already priced in some anxiety about Iran,” said Ross Mayfield, investment strategist at Baird. “The positioning incentives and context are clearer, and with earnings season ahead, some bullishness should also be encouraged, and the company appears to be back near all-time highs.”
On Tuesday, a White House official told CNBC that a second round of negotiations was under discussion between Washington and the Iranian government. Nothing is officially planned yet, said the official, who requested anonymity to discuss internal administration planning.
Oil prices reversed their rise from the previous day. West Texas Intermediate Crude Oil Futures It fell 7.87% to settle at $91.28 per barrel. brent crude oil It fell 4.6% to settle at $94.79.
Also supporting sentiment was the release of the producer price index for March, which was significantly lower than expected.
Still, some companies’ stock prices came under pressure after releasing new financial results. wells fargo The company released disappointing numbers, sending its stock price down more than 5%. JP Morgan Chase reported better-than-expected numbers in the first quarter but lowered its net interest income outlook. This caused the stock price to fall slightly.
