Updated Mon, April 13, 2026 astatine 9:59 AM CDT 1 min read
US stocks were mixed connected Monday aft President Trump ordered a US blockade of the Strait of Hormuz pursuing the illness of US-Iran negotiations.
The Dow Jones Industrial Average (^DJI) led the retreat, down 0.3%, arsenic surging lipid prices revived concerns astir ostentation and risks to planetary growth. Meanwhile, the S&P 500 (^GSPC) gained 0.1% aft trimming earlier losses. The tech-heavy Nasdaq Composite (^IXIC) roseate 0.3% arsenic bundle stocks jumped.
DJI - Free Realtime Quote USD
47,675.76 -240.81 (-0.50%)
As of 11:10:02 AM EDT. Market Open.
^DJI ^GSPC ^IXIC
Trump's determination to artifact each maritime postulation done the Strait of Hormuz starting astatine 10 a.m. ET escalated already precocious tensions successful the Middle East. Iran responded by vowing to people each Persian Gulf ports if its ain vigor hubs are threatened, calling the US determination "an enactment of piracy."
Oil prices jumped backmost supra $100 a tube connected the menace to planetary vigor flows, with the planetary benchmark Brent crude (BZ=F) rising 5%, portion the US counterpart, West Texas Intermediate futures for May transportation (CL=F) roseate astir 5% to apical $101 per barrel.
Closer to home, Goldman Sachs (GS) kicked disconnected slope net with beardown profits, though shares fell 2%. First 4th results from Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), JPMorgan Chase (JPM), and Morgan Stanley (MS) volition travel arsenic the week progresses.
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Trump threatens to destruct Iranian ships impeding blockade successful the Strait of Hormuz
President Trump threatened to destruct Iranian ships successful the Strait of Hormuz connected Monday, conscionable minutes earlier a US blockade was acceptable to statesman successful the region.
"Iran’s Navy is laying astatine the bottommost of the sea, wholly obliterated - 158 ships," wrote Trump connected Monday morning.
He noted the US has not targeted a tiny fig of what they telephone “fast onslaught ships”, due to the fact that "we did not see them overmuch of a threat."
"Warning: If immoderate of these ships travel anyplace adjacent to our BLOCKADE, they volition beryllium instantly ELIMINATED, utilizing the aforesaid strategy of termination that we usage against the cause dealers connected boats astatine Sea," helium added.
Over the weekend, Trump announced that the US would statesman a blockade successful the Strait of Hormuz connected Monday astatine 10 a.m. ET, restricting vessels entering and leaving the captious waterway.
The determination is intended to chopped disconnected Iran’s quality to export lipid and trim the country’s power implicit the passage.
Oil futures trimmed earlier gains but inactive remained supra $100 per tube connected Monday.
NY Mercantile - Delayed Quote USD
102.01 +5.44 (+5.63%)
As of 11:00:01 AM EDT. Market Open.
CL=F BZ=F

Amazon is starring the 'Magnificent 7' rebound into large resistance
After much than a twelvemonth of going nowhere, Amazon (AMZN) is yet pressing into a cardinal test.
The banal has rallied to a cardinal absorption level aft its biggest three-day surge successful 5 months, starring the "Magnificent Seven" stocks disconnected the March 30 low.
Amazon is present moving into a downtrend enactment drawn from the aboriginal November precocious and aboriginal January peak, portion the $238–$240 country has repeatedly capped rallies since aboriginal 2025.
That leaves the banal astatine a determination point. With shares little today, this whitethorn beryllium the intermission oregon pullback you’d expect astatine the absorption level. But if Amazon tin propulsion done $240, it would unfastened the doorway to retest all-time highs adjacent $255–$260.
On weakness, bulls privation to spot the $220–$225 country hold, which lines up with the 200-day moving mean and caller support.
Stocks autumn astatine the unfastened arsenic lipid climbs connected menace of US Hormuz blockade
Oil prices roseate connected Monday aft US-Iran talks fell through, putting unit connected stocks to commencement the trading week.
The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) fell 0.3%, portion the Dow Jones Industrial Average (^DJI) slid 0.7% successful the archetypal minutes of trading.
Oil was backmost supra $100 per barrel, with Brent (BZ=F) trading astatine $101 per tube and West Texas Intermediate (CL=F) trading astatine $103 per barrel.
DJI - Free Realtime Quote USD
47,675.76 -240.81 (-0.50%)
As of 11:10:02 AM EDT. Market Open.
^DJI ^IXIC ^GSPC
Goldman Sachs (GS) shares fell much than 3% contempt reporting a nett summation driven by equity trading successful the archetypal quarter. The net telephone with CEO David Solomon conscionable started — you tin perceive to it unrecorded here.
Treasury yields leap arsenic lipid prices rise
Treasurys sold disconnected connected Monday arsenic President Trump's menace to artifact the Strait of Hormuz and caller user terms information released connected Friday revived higher ostentation expectations.
As lipid prices surged connected Monday, the 10-year output (^TNX) climbed 3 ground points to 4.34%, portion the longer-dated 30-year output (^TYX) roseate 2 ground points to 4.93%. Bond yields commercialized inversely to enslaved prices, meaning prices were little connected Monday.
The US dollar scale (DX-Y.NYB) besides climbed to astir 99 arsenic higher lipid prices supported the conception that the Fed would clasp oregon rise involvement rates.
Goldman Sachs banal drops contempt beardown profits from banal trading, M&A surge
Goldman Sachs’ (GS) profits climbed successful the archetypal quarter, fueled by jumps successful M&A dealmaking and grounds equity trading.
But the banal dropped 3% successful premarket trading arsenic intermediation gross for fixed income, currencies, and commodities fell abbreviated of expectations.
Yahoo Finance's David Hollerith reports:
Read much here.
Wary investors oculus different escalation successful Iran war
The imaginable that the Iran warfare volition reintensify aft the nonaccomplishment of bid talks threatens to spark caller volatility crossed planetary markets, aft a week that saw a fragile ceasefire thrust stocks up and lipid down by the astir this year.
From Bloomberg:
SNP - Free Realtime Quote USD
6,822.95 +6.06 (+0.09%)
As of 11:10:01 AM EDT. Market Open.
Read much here.
'Not arsenic bullish': Big banks are entering Q1 net play connected little definite footing than successful January
Wall Street’s biggest banks are riding into the archetypal 4th net play connected acold little definite crushed than wherever they began 2026. This coming week, their quality to churn retired much profits volition erstwhile again beryllium enactment to the test.
Yahoo Finance's David Hollerith reports:
Read much here.
TSMC connected way for 4th fourth of grounds profits up of net report
Reuters reports:
Read much here.
Oil prices pump aft Trump announces Hormuz blockade
Bloomeberg reports:
NY Mercantile - Delayed Quote USD
100.55 +5.35 (+5.62%)
As of 10:59:32 AM EDT. Market Open.
BZ=F CL=F
Read much here.

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