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Übersicht über Unternehmen, die am stärksten im Vormarkt handeln: Dollar Tree — Der Discounter ist um mehr als 11% gestiegen, nachdem das Unternehmen angegeben hat, dass es in der ersten Quartal einen bereinigten Gewinn von $1,74 pro Aktie erzielt hat. Analysten, die von FactSet befragt wurden, hatten mit einem Gewinn von $1,53 pro Aktie gerechnet. Die Umsatzerwartungen kamen ebenfalls über Erwartungen, ebenso wie die Prognose für das laufende Quartal und das gesamte Jahr. Das Unternehmen hat auch eine Partnerschaft mit DoorDash angekündigt, um On-Demand-Lieferungen von seinen Geschäften an Kunden zu bringen. Salesforce — Die Aktien waren um 1% gefallen, nachdem der Cloud-basierte Softwarehersteller für das laufende Quartal einen Umsatz zwischen $11,27 Milliarden und $11,35 Milliarden erwartet hat, während Analysten aufgrund von LSEG mit einem Umsatz von $11,36 Milliarden gerechnet haben. Salesforce hat jedoch seine Prognose für das gesamte Jahr angehoben. Agilent Technologies — Die Aktien waren um 9% gestiegen, nachdem der Gesundheitsgerätehersteller seine Prognose für das gesamte Jahr angehoben hatte, um zwischen $6 und $6,10 pro Aktie zu liegen, höher als die vorherigen Schätzungen von zwischen $5,90 und $6,04 pro Aktie. Agilent hat auch ein zweites Quartal auf beiden Zeilen übertroffen.

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Der S&P 500-Index ist um -0,07% gefallen, der Dow Jones Industrial Average ist um +0,54% gestiegen und der Nasdaq 100-Index ist um -0,44% gefallen. Die Aktienmischung ist gemischt, da der Dow Jones Industrials einen neuen Rekordhoch erreicht hat und der Nasdaq 100 von einem neuen Allzeithoch fällt. Der schwache Einfluss von Energieproduzenten und Cybersecurity-Aktien wirkt sich auf den gesamten Markt aus. Die Enthusiasmus für künstliche Intelligenz, niedrigere Ölpreise und sinkende Zinsen unterstützen die breite Aktienmärkte. Der Ölpreis ist um mehr als -3% gefallen, da Optimismus besteht, dass Ölflüsse aus dem Nahen Osten bald normalisiert werden könnten, getrieben durch einen US-Iran-Friedensvertrag.

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Die folgenden Unternehmen werden am 27. Mai 2026 nach Geschäftsstunden ihre Einnahmen bekanntgeben. Marvell Technology, Inc. (MRVL) berichtet für das Quartal bis zum 30. April 2026. Der konsensuale Gewinn pro Aktie von den 12 Analysten, die den Wertpapier folgen, beträgt 0,61 US-Dollar. Dies entspricht einem Anstieg um 29,79 % im Vergleich zum gleichen Quartal des Vorjahres. MRVL hat das konsensuale Gewinn pro Aktie im dritten Kalenderquartal 2025 um -1,96 % verfehlt. Zacks Investment Research berichtet, dass der 2027er Kurs-Gewinn-Verhältnis für MRVL 68,51 beträgt gegenüber einem Branchenverhältnis von 45,60, was bedeutet, dass sie im Vergleich zu ihren Konkurrenten in derselben Branche ein höheres Gewinnwachstum haben werden.

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The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.72%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.48%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.18%.  June E-mini S&P futures (ESM26) rose +0.74%, and June E-mini Nasdaq futures (NQM26) rose +1.15%.

Stock indexes extended Tuesday’s sharp rally on Wednesday, with the Dow Jones Industrials posting a 2-week high on mounting optimism that the war in the Middle East is nearing a conclusion.   President Trump said Wednesday that he foresaw the US ending the war with Iran within two to three weeks.  Mr. Trump said Iran has asked for a ceasefire, which he will consider when the Strait of Hormuz is “open, free and clear.”  Meanwhile, the US and Israeli forces kept up their bombardment of Iran, while Israel, Bahrain, Kuwait, and the UAE all reported attacks by Iran, with Qatar saying a fuel oil tanker was struck in Qatari waters. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks remained higher on Wednesday amid better-than-expected US economic news on Mar ADP employment, Feb retail sales, and Mar ISM manufacturing activity.

US MBA mortgage applications fell -10.4% in the week ended March 27, with the purchase mortgage sub-index down -2.6% and the refinancing sub-index down -17.3%.  The average 30-year fixed rate mortgage rose +14 bp to a 7-month high of 6.57% from 6.43% in the prior week.

The US Mar ADP employment change rose by +62,000, stronger than expectations of +40,000.

US Feb retail sales rose +0.6% m/m, stronger than expectations of +0.5% m/m, and Feb retail sales ex-autos rose +0.5% m/m, stronger than expectations of +0.3% m/m.

The US Mar ISM manufacturing index unexpectedly rose +0.3 to 52.7, stronger than expectations of a decline to 52.3 and the strongest pace of expansion in 3.5 years.  The Mar ISM prices paid sub-index rose +7.8 to a 3.75-year high of 78.3, stronger than expectations of 74.0.

Hawkish comments on Wednesday from St. Louis Fed President Alberto Musalem were bearish for stocks, as he said risks are rising to both inflation and employment and added, "I expect the current setting of the policy rate will remain appropriate for some time."

President Trump will give a televised address to the country at 9 pm Eastern time on Wednesday night to provide an “important update” on Iran. He said Iran could still reach a deal with the US, but that an agreement with Iran isn’t a prerequisite for ending the war.

Crude oil prices (CLK26) fell more than -1% on Wednesday on hopes for an end to the Iran war and a reopening of the Strait of Hormuz.  The Wall Street Journal reported on Wednesday that the UAE is preparing to help the US and other allies open the Strait of Hormuz by force and is lobbying for a United Nations Security Council resolution authorizing such action.

The markets are discounting a 1% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets settled higher on Wednesday.  The Euro Stoxx 50 climbed to a 2-week high and closed up +2.93%.  China's Shanghai Composite rose to a 1.5-week high and closed up +1.46%.  Japan's Nikkei Stock 225 closed up sharply by +5.24%.

Interest Rates

June 10-year T-notes (ZNM6) on Wednesday closed down by -2 ticks.  The 10-year T-note yield rose by +0.6 bp to 4.323%.  June T-notes fell from a 1.5-week high on Wednesday, and the 10-year T-note yield moved higher from a 1.5-week low of 4.257%.  T-notes gave up an early advance on Wednesday due to stronger-than-expected US ADP, retail sales, and ISM manufacturing reports.  Also, price pressures weighed on T-notes after the Mar ISM prices paid sub-index rose more than expected to a 3.75-year high.  In addition, hawkish comments on Wednesday from St. Louis Fed President Alberto Musalem undercut T-note prices when he said, "I expect the current setting of the policy rate will remain appropriate for some time."

T-notes initially moved higher today on Wednesday after WTI crude oil prices fell more than -1%, easing inflation expectations.  Also, optimism that a resolution to the Iran war will lead to lower energy prices, allowing the Fed to cut interest rates, is supportive of T-note prices.

European government bond yields moved lower on Wednesday.  The 10-year German bund yield dropped to a 2-week low of 2.931% and finished down -1.8 bp to 2.986%.  The 10-year UK gilt yield fell to a 2-week low of 4.777% and finished down -8.6 bp to 4.830%.

The Eurozone Mar S&P manufacturing PMI was revised upward by +0.2 to 51.6 from the previously reported 51.4, the strongest pace of expansion in 3.75 years.

The Eurozone Feb unemployment rate unexpectedly rose +0.1 to 6.2%, showing a weaker labor market than expectations of no change at 6.1%.

Swaps are discounting a 49% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

Chip makers and AI-infrastructure stocks moved sharply higher on Wednesday, lifting the overall market.  Western Digital (WDC) closed up more than +10% to lead gainers in the S&P 500 and Nasdaq 100, and Sandisk (SNDK) closed up more than +9%.  Also, Intel (INTC) closed up more than +8%, and Seagate Technology Holdings Plc (STX) and Marvell Technology (MRVL) closed up more than +7%.  In addition, Lam Research (LRCX), Advanced Micro Devices (AMD), KLA Corp (KLAC), Applied Materials (AMAT), and ASML Holding NV (ASML) closed up more than +3%.

Mining stocks rallied on Wednesday as gold and silver prices surged to 2-week highs.  Anglogold Ashanti (AU) closed up more than +6%, and Newmont Corp (NEM) closed up more than +5%.  Also, Freeport McMoRan (FCX) closed up more than +4%, and Barrick Mining (B) and Southern Copper (SCCO) closed up more than +3%.  In addition, Coeur Mining (CDE) and Hecla Mining (HL) closed up more than +2%.

Airline stocks moved higher on Wednesday as crude oil prices fell by more than -1% amid hopes that an end to the Iran war is near.  United Airlines Holdings (UAL) and American Airlines Group (AAL) closed up more than +3%, and Alaska Air Group (ALK), Delta Air Lines (DAL), and Southwest Airlines (LUV) closed up more than +2%.

Optoelectronic companies are rallying today.  Lumentum Holdings (LITE) closed up more than +8%, and Corning (GLW) closed up more than +4%.  Also, Coherent (COHR) closed up more than +3%, and Applied Optoelectronics (AAOI) and Credo Technology Group Holding Ltd (CRDO) closed up more than +2%.

Energy producers and energy service providers retreated on Wednesday as WTI crude oil fell by more than -1%.  Exxon Mobil (XOM) closed down more than -5%, and Chevron (CVX) and Occidental Petroleum (OXY) closed down more than -4%.  Also, Diamondback Energy (FANG) closed down more than -3% to lead losers in the Nasdaq 100, and Phillips 66 (PSX) and Devon Energy (DVN) closed down more than -3%.  In addition, APA Corp (APA), ConocoPhillips (COP), Halliburton (HAL), Marathon Petroleum (MPC), and Valero Energy (VLO) closed down more than -2%.

Target Hospitality (TH) closed up more than +36% after securing a multi-year contract worth over $550 million to construct and provide hospitality services for a data center development in Texas.

nCino (NCNO) closed up more than +10% after forecasting 2027 subscription revenue of $569 million to $573 million, better than the consensus of $568.5 million.

Boeing (BA) closed up more than +4% to lead gainers in the Dow Jones Industrials after Wells Fargo Securities initiated coverage on the stock with an overweight rating and a price target of $250.

Eli Lilly & Co (LLY) closed up more than +3% after the FDA approved the company’s obesity pill, Foundayo, under the agency’s National Priority Voucher pilot program.

Oric Pharmaceuticals (ORIC) closed down more than 40% after announcing an update on its rinzimetostat program, which JPMorgan Chase said was based on a too-small sample and a short follow-up, making it unreasonable to expect clear efficacy differentiation at this stage.

RH (RH) closed down more than -19% after forecasting 2027 revenue to be down -2% to -4%, much weaker than the consensus of an +8.1% increase.

Nike (NKE) closed down more than -15% to lead losers in the S&P 500 and Dow Jones Industrials after forecasting Q4 revenue to be down -2% to -4% and saying its turnaround efforts are taking longer than originally planned.

Hasbro (HAS) closed down by more than -4% after it said it discovered unauthorized access in its network on Saturday and has taken certain systems offline.

Earnings Reports(4/2/2026)

Acuity Inc (AYI), AirSculpt Technologies Inc (AIRS), AngioDynamics Inc (ANGO), FS Bancorp Inc (FSBW), Lindsay Corp (LNN). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

S&P Futures Climb on Hopes of Middle East Conflict Resolution, U.S. ADP Jobs Report and Retail Sales Data on TapStock Index Futures Rally on Prospect of End to Middle East Conflict, U.S. Economic Data and Fed Speak in FocusStocks Set to Open Higher as Bond Yields Fall on Fading Rate-Hike Bets, U.S. Jobs Data and Powell’s Remarks AwaitedIran, Oil Prices and Other Key Things to Watch this Week

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.72%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.48%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.18%.  June E-mini S&P futures (ESM26) rose +0.74%, and June E-mini Nasdaq futures (NQM26) rose +1.15%.

Stock indexes extended Tuesday’s sharp rally on Wednesday, with the Dow Jones Industrials posting a 2-week high on mounting optimism that the war in the Middle East is nearing a conclusion.   President Trump said Wednesday that he foresaw the US ending the war with Iran within two to three weeks.  Mr. Trump said Iran has asked for a ceasefire, which he will consider when the Strait of Hormuz is “open, free and clear.”  Meanwhile, the US and Israeli forces kept up their bombardment of Iran, while Israel, Bahrain, Kuwait, and the UAE all reported attacks by Iran, with Qatar saying a fuel oil tanker was struck in Qatari waters.

More News from Barchart

Bye Bye, AMD! Cathie Wood Ditches 57K Advanced Micro Shares Ignore the Panic and Buy the Dip in Micron Stock, Says Bank of America The Strait of Hormuz Crisis Isn't Ending Anytime Soon. 3 Charts I'm Watching to Determine What Comes Next. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!

Stocks remained higher on Wednesday amid better-than-expected US economic news on Mar ADP employment, Feb retail sales, and Mar ISM manufacturing activity.

US MBA mortgage applications fell -10.4% in the week ended March 27, with the purchase mortgage sub-index down -2.6% and the refinancing sub-index down -17.3%.  The average 30-year fixed rate mortgage rose +14 bp to a 7-month high of 6.57% from 6.43% in the prior week.

The US Mar ADP employment change rose by +62,000, stronger than expectations of +40,000.

US Feb retail sales rose +0.6% m/m, stronger than expectations of +0.5% m/m, and Feb retail sales ex-autos rose +0.5% m/m, stronger than expectations of +0.3% m/m.

The US Mar ISM manufacturing index unexpectedly rose +0.3 to 52.7, stronger than expectations of a decline to 52.3 and the strongest pace of expansion in 3.5 years.  The Mar ISM prices paid sub-index rose +7.8 to a 3.75-year high of 78.3, stronger than expectations of 74.0.

Hawkish comments on Wednesday from St. Louis Fed President Alberto Musalem were bearish for stocks, as he said risks are rising to both inflation and employment and added, "I expect the current setting of the policy rate will remain appropriate for some time."

Story Continues

President Trump will give a televised address to the country at 9 pm Eastern time on Wednesday night to provide an “important update” on Iran. He said Iran could still reach a deal with the US, but that an agreement with Iran isn’t a prerequisite for ending the war.

Crude oil prices (CLK26) fell more than -1% on Wednesday on hopes for an end to the Iran war and a reopening of the Strait of Hormuz.  The Wall Street Journal reported on Wednesday that the UAE is preparing to help the US and other allies open the Strait of Hormuz by force and is lobbying for a United Nations Security Council resolution authorizing such action.

The markets are discounting a 1% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets settled higher on Wednesday.  The Euro Stoxx 50 climbed to a 2-week high and closed up +2.93%.  China's Shanghai Composite rose to a 1.5-week high and closed up +1.46%.  Japan's Nikkei Stock 225 closed up sharply by +5.24%.

Interest Rates

June 10-year T-notes (ZNM6) on Wednesday closed down by -2 ticks.  The 10-year T-note yield rose by +0.6 bp to 4.323%.  June T-notes fell from a 1.5-week high on Wednesday, and the 10-year T-note yield moved higher from a 1.5-week low of 4.257%.  T-notes gave up an early advance on Wednesday due to stronger-than-expected US ADP, retail sales, and ISM manufacturing reports.  Also, price pressures weighed on T-notes after the Mar ISM prices paid sub-index rose more than expected to a 3.75-year high.  In addition, hawkish comments on Wednesday from St. Louis Fed President Alberto Musalem undercut T-note prices when he said, "I expect the current setting of the policy rate will remain appropriate for some time."

T-notes initially moved higher today on Wednesday after WTI crude oil prices fell more than -1%, easing inflation expectations.  Also, optimism that a resolution to the Iran war will lead to lower energy prices, allowing the Fed to cut interest rates, is supportive of T-note prices.

European government bond yields moved lower on Wednesday.  The 10-year German bund yield dropped to a 2-week low of 2.931% and finished down -1.8 bp to 2.986%.  The 10-year UK gilt yield fell to a 2-week low of 4.777% and finished down -8.6 bp to 4.830%.

The Eurozone Mar S&P manufacturing PMI was revised upward by +0.2 to 51.6 from the previously reported 51.4, the strongest pace of expansion in 3.75 years.

The Eurozone Feb unemployment rate unexpectedly rose +0.1 to 6.2%, showing a weaker labor market than expectations of no change at 6.1%.

Swaps are discounting a 49% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

Chip makers and AI-infrastructure stocks moved sharply higher on Wednesday, lifting the overall market.  Western Digital (WDC) closed up more than +10% to lead gainers in the S&P 500 and Nasdaq 100, and Sandisk (SNDK) closed up more than +9%.  Also, Intel (INTC) closed up more than +8%, and Seagate Technology Holdings Plc (STX) and Marvell Technology (MRVL) closed up more than +7%.  In addition, Lam Research (LRCX), Advanced Micro Devices (AMD), KLA Corp (KLAC), Applied Materials (AMAT), and ASML Holding NV (ASML) closed up more than +3%.

Mining stocks rallied on Wednesday as gold and silver prices surged to 2-week highs.  Anglogold Ashanti (AU) closed up more than +6%, and Newmont Corp (NEM) closed up more than +5%.  Also, Freeport McMoRan (FCX) closed up more than +4%, and Barrick Mining (B) and Southern Copper (SCCO) closed up more than +3%.  In addition, Coeur Mining (CDE) and Hecla Mining (HL) closed up more than +2%.

Airline stocks moved higher on Wednesday as crude oil prices fell by more than -1% amid hopes that an end to the Iran war is near.  United Airlines Holdings (UAL) and American Airlines Group (AAL) closed up more than +3%, and Alaska Air Group (ALK), Delta Air Lines (DAL), and Southwest Airlines (LUV) closed up more than +2%.

Optoelectronic companies are rallying today.  Lumentum Holdings (LITE) closed up more than +8%, and Corning (GLW) closed up more than +4%.  Also, Coherent (COHR) closed up more than +3%, and Applied Optoelectronics (AAOI) and Credo Technology Group Holding Ltd (CRDO) closed up more than +2%.

Energy producers and energy service providers retreated on Wednesday as WTI crude oil fell by more than -1%.  Exxon Mobil (XOM) closed down more than -5%, and Chevron (CVX) and Occidental Petroleum (OXY) closed down more than -4%.  Also, Diamondback Energy (FANG) closed down more than -3% to lead losers in the Nasdaq 100, and Phillips 66 (PSX) and Devon Energy (DVN) closed down more than -3%.  In addition, APA Corp (APA), ConocoPhillips (COP), Halliburton (HAL), Marathon Petroleum (MPC), and Valero Energy (VLO) closed down more than -2%.

Target Hospitality (TH) closed up more than +36% after securing a multi-year contract worth over $550 million to construct and provide hospitality services for a data center development in Texas.

nCino (NCNO) closed up more than +10% after forecasting 2027 subscription revenue of $569 million to $573 million, better than the consensus of $568.5 million.

Boeing (BA) closed up more than +4% to lead gainers in the Dow Jones Industrials after Wells Fargo Securities initiated coverage on the stock with an overweight rating and a price target of $250.

Eli Lilly & Co (LLY) closed up more than +3% after the FDA approved the company’s obesity pill, Foundayo, under the agency’s National Priority Voucher pilot program.

Oric Pharmaceuticals (ORIC) closed down more than 40% after announcing an update on its rinzimetostat program, which JPMorgan Chase said was based on a too-small sample and a short follow-up, making it unreasonable to expect clear efficacy differentiation at this stage.

RH (RH) closed down more than -19% after forecasting 2027 revenue to be down -2% to -4%, much weaker than the consensus of an +8.1% increase.

Nike (NKE) closed down more than -15% to lead losers in the S&P 500 and Dow Jones Industrials after forecasting Q4 revenue to be down -2% to -4% and saying its turnaround efforts are taking longer than originally planned.

Hasbro (HAS) closed down by more than -4% after it said it discovered unauthorized access in its network on Saturday and has taken certain systems offline.

Earnings Reports(4/2/2026)

Acuity Inc (AYI), AirSculpt Technologies Inc (AIRS), AngioDynamics Inc (ANGO), FS Bancorp Inc (FSBW), Lindsay Corp (LNN).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Here’s a 600-word summary of the provided text, followed by a German translation:

Summary (600 words)

Global stock markets experienced a strong rally today, driven primarily by optimism regarding the resolution of the Middle East conflict, particularly the potential for a ceasefire involving Iran. The S&P 500 Index (SPX) rose +0.97%, the Dow Jones Industrial Average (DOWI) climbed +0.86%, and the Nasdaq 100 Index (QQQ) jumped +1.45%. E-mini futures for the S&P 500 and Nasdaq also saw significant gains.

The rally was fueled by surprisingly strong economic data released in the US. The ADP employment report showed a robust increase of +62,000 jobs, exceeding expectations. February’s retail sales also rose +0.6% month-over-month, further bolstering confidence. The ISM Manufacturing Index unexpectedly jumped to 52.7, indicating a significant expansion in manufacturing activity – the strongest pace in 3.5 years. Prices paid by manufacturers also surged, adding to inflationary pressures.

However, a hawkish commentary from St. Louis Fed President Alberto Musalem tempered some enthusiasm. His statement that risks are rising for both inflation and employment, coupled with a prediction that current interest rates would remain appropriate for “some time,” created uncertainty and led to a slight pullback in Treasury yields.

President Trump announced he would deliver a televised address this evening to provide an update on the situation in Iran, suggesting a potential deal could still be reached despite earlier disagreements. Crude oil prices plummeted over -2% due to the hopes of an end to the conflict and the reopening of the Strait of Hormuz, benefiting airline stocks.

Market Movers: The technology sector led the gains, particularly chip makers and AI-infrastructure stocks like Western Digital, Intel, and Micron Technology. Mining stocks surged, driven by climbing gold and silver prices. Airline stocks rose as crude oil prices decreased, and optoelectronic companies experienced a significant boost. Conversely, energy stocks (oil producers and service providers) were pressured by falling crude oil prices.

Interest Rate Outlook: The 10-year US Treasury yield dipped slightly to 4.311% amid the lower oil prices and the hawkish Fed view. Swap markets indicated a 49% probability of a 25 basis point rate hike by the ECB at its next meeting. T-note prices rose due to the combination of lower oil and the Fed’s cautious stance.

International Markets: European markets also saw gains, with the Euro Stoxx 50 reaching a two-week high. Similarly, Asian markets—China's Shanghai Composite and Japan’s Nikkei—posted significant increases.

Key Takeaway: The day’s market performance was largely driven by geopolitical developments and strong US economic data, creating a positive sentiment that led to broad market gains.

German Translation (600 words)

Zusammenfassung (600 Wörter)

Globale Aktienmärkte erlebten heute eine starke Rallye, die vor allem durch Optimismus hinsichtlich der Lösung des Konflikts im Nahen Osten, insbesondere die Möglichkeit eines Waffenstillstands, der Iran beinhaltet, angetrieben wurde. Der S&P 500 Index (SPX) stieg um +0,97 %, der Dow Jones Industrial Average (DOWI) kletterte um +0,86 % und der Nasdaq 100 Index (QQQ) sprang um +1,45 % hoch. Die E-Mini-Futures für den S&P 500 und den Nasdaq erzielten ebenfalls erhebliche Gewinne.

Die Rallye wurde durch überraschend starke Wirtschaftsdaten aus den USA befeuert. Der ADP-Beschäftigungsbericht zeigte einen robusten Anstieg von +62.000 Arbeitsplätzen, was die Erwartungen übertraf. Auch der Einzelhandelsumsatz für Februar stieg um +0,6 % im Monatsvergleich, was das Vertrauen zusätzlich stärkte. Der ISM-Manufacturing-Index stieg unerwartet auf 52,7 und deutete auf eine deutliche Expansion der Produktionstätigkeit – den stärksten Anstieg in 3,5 Jahren. Die von Herstellern gezahlten Preise stiegen ebenfalls deutlich, was zu Inflationsdruck beitrug.

Allerdings schwächte eine hawkish Aussage des St. Louis Fed-Präsidenten Alberto Musalem die Begeisterung etwas. Seine Aussage, dass das Risiko für Inflation und Beschäftigung steige und dass die aktuellen Zinssätze „für eine gewisse Zeit“ angemessen blieben, schuf Unsicherheit und führte zu einer leichten Korrektur der Staatsanleihenrenditen.

Präsident Trump gab bekannt, dass er heute Abend eine Fernsehansprache halten würde, um einen Bericht über die Situation in Iran zu geben, und deutete an, dass ein potenzieller Deal immer noch möglich sei, trotz früherer Differenzen. Ölpreise fielen um mehr als -2 % aufgrund der Hoffnung auf eine Beendigung des Konflikts und der Wiedereröffnung der Straße von Hormuz, was Fluggesellschaften zugute kam.

Marktführer: Der Technologiesektor führte die Gewinne an, insbesondere Halbleiterhersteller und KI-Infrastrukturunternehmen wie Western Digital, Intel und Micron Technology. Bergbauanlagen stiegen, angetrieben durch steigende Gold- und Silberpreise. Fluggesellschaften stiegen, da die Ölpreise gesunken waren, und Optoelektronikunternehmen erlebten einen erheblichen Anstieg. Umgekehrt gerieten Energieaktien (Ölproduzenten und Dienstleister) aufgrund fallender Ölpreise unter Druck.

Zinnsatzentwicklung: Die Rendite der 10-jährigen US-Staatsanleihe sank leicht auf 4,311 % aufgrund der niedrigeren Ölpreise und der hawkish Sichtweise der Fed. Swap-Märkte deuteten auf eine Wahrscheinlichkeit von 49 % hin, dass die Europäische Zentralbank (EZB) bei ihrer nächsten Sitzung am 30. April um 25 Basispunkte die Zinssätze anhebt. T-Note-Preise stiegen aufgrund der Kombination aus niedrigeren Ölpreisen und der vorsichtigen Haltung der Fed.

Internationale Märkte: Auch die europäischen Märkte erlebten Gewinne, wobei der Euro Stoxx 50 einen Zwei-Wochen-Höchststand erreichte. Ebenso stiegen die asiatischen Märkte – der Shanghai Composite in China und der Nikkei in Japan – deutlich.

Schlussfolgerung: Die Leistung der Märkte am Tag wurde vor allem durch geopolitische Entwicklungen und starke US-Wirtschaftsdaten angetrieben, was ein positives Sentiment hervorrief und zu breiten Marktgewinnen führte.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +0.97%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.45%.  June E-mini S&P futures (ESM26) are up +0.96%, and June E-mini Nasdaq futures (NQM26) are up +1.47%.

Stock indexes are extending Tuesday’s sharp rally today, with the Dow Jones Industrials posting a 2-week high on mounting optimism that the war in the Middle East is nearing a conclusion.   President Trump said he foresaw the US ending the war with Iran within two to three weeks. Mr. Trump said Iran has asked for a ceasefire, which he will consider when the Strait of Hormuz is “open, free and clear.”  Meanwhile, the US and Israeli forces kept up their bombardment of Iran, while Israel, Bahrain, Kuwait, and the UAE all reported attacks by Iran, with Qatar saying a fuel oil tanker was struck in Qatari waters.

More News from Barchart

Stock Index Futures Rally on Prospect of End to Middle East Conflict, U.S. Economic Data and Fed Speak in Focus Ignore the Panic and Buy the Dip in Micron Stock, Says Bank of America Stocks Climb on Hopes for an End to Iran War Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!

Stocks remained higher today on better-than-expected US economic news on Mar ADP employment, Feb retail sales, and Mar ISM manufacturing activity.

US MBA mortgage applications fell -10.4% in the week ended March 27, with the purchase mortgage sub-index down -2.6% and the refinancing sub-index down -17.3%.  The average 30-year fixed rate mortgage rose +14 bp to a 7-month high of 6.57% from 6.43% in the prior week.

The US Mar ADP employment change rose by +62,000, stronger than expectations of +40,000.

US Feb retail sales rose +0.6% m/m, stronger than expectations of +0.5% m/m, and Feb retail sales ex-autos rose +0.5% m/m, stronger than expectations of +0.3% m/m.

The US Mar ISM manufacturing index unexpectedly rose +0.3 to 52.7, stronger than expectations of a decline to 52.3 and the strongest pace of expansion in 3.5 years.  The Mar ISM prices paid sub-index rose +7.8 to a 3.75-year high of 78.3, stronger than expectations of 74.0.

Hawkish comments today from St. Louis Fed President Alberto Musalem were bearish for stocks, as he said risks are rising to both inflation and employment and added, "I expect the current setting of the policy rate will remain appropriate for some time."

Story Continues

President Trump will give a televised address to the country at 9 pm Eastern time tonight to provide an “important update” on Iran.  He said Iran could still reach a deal with the US, but that an agreement with Iran isn’t a prerequisite for ending the war.

Crude oil prices (CLK26) are down more than -2% today on hopes for an end to the Iran war and a reopening of the Strait of Hormuz.  The Wall Street Journal reported today that the UAE is preparing to help the US and other allies open the Strait of Hormuz by force and is lobbying for a United Nations Security Council resolution authorizing such action.

The markets are discounting a 1% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets are higher today.  The Euro Stoxx 50 climbed to a 2-week high and is up +2.60%.  China's Shanghai Composite rose to a 1.5-week high and closed up +1.46%.  Japan's Nikkei Stock 225 closed up sharply by +5.24%.

Interest Rates

June 10-year T-notes (ZNM6) today are up by +2 ticks.  The 10-year T-note yield is down -0.6 bp to 4.311%.  June T-notes climbed to a 1.5-week high today, and the 10-year T-note yield fell to a 1.5-week low of 4.257%.  T-notes are moving higher today as WTI crude oil is down more than -2%, easing inflation expectations.  Also, optimism that a resolution to the Iran war will lead to lower energy prices, allowing the Fed to cut interest rates, is supporting T-note prices.

However, T-notes gave up most of their gains on stronger-than-expected US ADP, retail sales, and ISM manufacturing reports.  Also, hawkish comments today from St. Louis Fed President Alberto Musalem undercut T-note prices when he said, "I expect the current setting of the policy rate will remain appropriate for some time."

European government bond yields are moving lower today.  The 10-year German bund yield dropped to a 2-week low of 2.931% and is down -0.5 bp to 2.999%.  The 10-year UK gilt yield fell to a 2-week low of 4.777% and is down -6.5 bp to 4.851%.

The Eurozone Mar S&P manufacturing PMI was revised upward by +0.2 to 51.6 from the previously reported 51.4, the strongest pace of expansion in 3.75 years.

The Eurozone Feb unemployment rate unexpectedly rose +0.1 to 6.2%, showing a weaker labor market than expectations of no change at 6.1%.

Swaps are discounting a 49% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

Chip makers and AI-infrastructure stocks are climbing today and lifting the overall market.  Western Digital (WDC) is up more than +11% to lead gainers in the S&P 500 and Nasdaq 100, and Intel (INTC) and Sandisk (SNDK) are up more than +9%.  Also, Micron Technology (MU) is up more than +8%, and Seagate Technology Holdings Plc (STX) is up more than 7%. In addition, Marvell Technology (MRVL) is up more than +6%, and Applied Materials (AMAT) and ASML Holding NV (ASML) are up more than +4%. Finally, ARM Holdings Plc (ARM), KLA Corp (KLAC), Lam Research (LRCX), and Advanced Micro Devices (AMD) are up more than +3%.

Mining stocks are rallying today with gold and silver prices climbing to 2-week highs.  Newmont Corp (NEM) and Anglogold Ashanti (AU) are up more than +5%, and Freeport McMoRan (FCX) and Coeur Mining (CDE) are up more than +4%.  Also, Southern Copper (SCCO), Hecla Mining (HL), and Barrick Mining (B) are up more than +3%.

Airline stocks are moving higher today, as crude oil prices are down by more than -2% in hopes that an end to the Iran war is near.  United Airlines Holdings (UAL) and Alaska Air Group (ALK) are up more than +4%.  Also, American Airlines Group (AAL) is up more than +3%, and Delta Air Lines (DAL) and Southwest Airlines (LUV) are up more than +2%.

Optoelectronic companies are rallying today.  Lumentum Holdings (LITE) is up more than +10%, and Applied Optoelectronics (AAOI) is up more than +9%.  Also, Coherent (COHR) is up more than +7%, Corning (GLW) is up more than +5%, and Credo Technology Group Holding Ltd (CRDO) is up more than +2%.

Energy producers and energy service providers are under pressure today with WTI crude oil down by more than -2%.  Exxon Mobil (XOM), Devon Energy (DVN), Chevron (CVX), and Occidental Petroleum (OXY) are down more than -4%.  Also, Diamondback Energy (FANG), Phillips 66 (PSX), APA Corp (APA), ConocoPhillips (COP), Marathon Petroleum (MPC), and Valero Energy (VLO) are down more than -3%.

Target Hospitality (TH) is up more than +37% after securing a multi-year contract worth over $550 million to construct and provide hospitality services for a data center development in Texas.

nCino (NCNO) is up more than +9% after forecasting 2027 subscription revenue of $569 million to $573 million, better than the consensus of $568.5 million.

Boeing (BA) is up more than +5% to lead gainers in the Dow Jones Industrials after Wells Fargo Securities initiated coverage on the stock with an overweight rating and a price target of $250.

Oric Pharmaceuticals (ORIC) is down more than -27% after announcing an update on its rinzimetostat program that JPMorgan Chase said was too small a sample and a short follow-up that makes it unreasonable to expect clear efficacy differentiation at this stage.

RH (RH) is down more than -22% after forecasting 2027 revenue to be down -2% to -4%, much weaker than the consensus of an +8.1% increase.

Nike (NKE) is down more than -13% to lead losers in the S&P 500 and Dow Jones Industrials after forecasting Q4 revenue to be down -2% to -4% and saying its turnaround efforts are taking longer than originally planned.

MSC Industrial Direct (MSM) is down more than -1% after reporting Q2 net sales of $917.8 million, weaker than the consensus of $931.5 million.

Earnings Reports(4/1/2026)

Conagra Brands Inc (CAG), Lamb Weston Holdings Inc (LW), MSC Industrial Direct Co Inc (MSM).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

What Happened?

A number of stocks jumped in the afternoon session after sentiment improved as President Trump indicated that the US was engaged in serious, productive talks with Iran.

This potential de-escalation of Middle Eastern tensions provided a significant sigh of relief for global markets, which had been bracing for prolonged geopolitical instability and surging energy costs. Simultaneously, investors appeared to be buying the dip in high-quality SaaS stocks following the "SaaSpocalypse" correction that dominated the early months of 2026. This meant there was hope resilient cloud platforms would remain indispensable digital infrastructure.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Data Infrastructure company Elastic (NYSE:ESTC) jumped 4.3%. Is now the time to buy Elastic? Access our full analysis report here, it’s free. Cloud Monitoring company PagerDuty (NYSE:PD) jumped 3.3%. Is now the time to buy PagerDuty? Access our full analysis report here, it’s free. Banking Software company nCino (NASDAQ:NCNO) jumped 3.6%. Is now the time to buy nCino? Access our full analysis report here, it’s free. Project Management Software company Atlassian (NASDAQ:TEAM) jumped 3.6%. Is now the time to buy Atlassian? Access our full analysis report here, it’s free. E-commerce Software company Commerce (NASDAQ:CMRC) jumped 3.8%. Is now the time to buy Commerce? Access our full analysis report here, it’s free.

Zooming In On Elastic (ESTC)

Elastic’s shares are very volatile and have had 25 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 3 days ago when the stock dropped 5.6% on the news that the leak of Anthropic's "Claude Mythos" model ignited fresh concerns across the software sector.

This "AI Scare Trade" hammered giants like Salesforce and Adobe, as Wall Street weighed whether these platforms would be integrated or simply rendered obsolete by low-cost, agentic intelligence. Compounding the disruption was macroeconomic volatility fueled by the escalating Middle East conflict. Brent crude prices surged as U.S.-Israeli operations against Iranian infrastructure heightened fears of a prolonged energy shock. This spike reignited inflation anxieties, pushing the Nasdaq Composite deeper into correction territory.

Story Continues

Elastic is down 31.1% since the beginning of the year, and at $49.95 per share, it is trading 47.1% below its 52-week high of $94.47 from November 2025. Investors who bought $1,000 worth of Elastic’s shares 5 years ago would now be looking at only $470.77.

ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.

Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.39%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.78%.  June E-mini S&P futures (ESM26) fell -0.43%, and June E-mini Nasdaq futures (NQM26) fell -0.88%.

Stock indexes gave up an early advance on Monday and settled mixed, with the S&P 500 posting a 7.5-month low and the Nasdaq 100 posting a 7.75-month low.  Concerns that a protracted war in the Middle East will derail economic growth weighed on stocks on Monday, along with a sell-off in chip stocks.  Strength in software stocks kept the Dow Jones Industrial Average in positive territory. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stock indexes initially moved higher on Monday as a decline in bond yields sparked some short covering.  The 10-year T-note yield fell by -8 bp on Monday to 4.34%, amid fears that the war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  T-note yields also moved lower on Monday after Fed Chair Powell said inflation expectations are well anchored and that the FOMC will meet its 2% inflation goal. He added, "It's too soon to know what the economic effects will be" from the Iran war.

The US Mar Dallas Fed manufacturing activity survey fell by -0.4 to -0.2, weaker than expectations of an increase to 2.0.

US and Israeli forces pressed ahead with attacks on Iran on Monday, while the UAE issued multiple alerts and Saudi Arabia and Kuwait reported numerous strikes by Iranian drones and missiles as the war in Iran entered its fifth week.  The Washington Post on Monday said the Pentagon is preparing for weeks of ground operations in Iran, as about 3,500 sailors and Marines have arrived in the Middle East.  President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and could seize the export hub of Kharg Island, which would involve US ground troops and mark a major escalation of the conflict.

Crude oil prices (CLK26) rose more than +3% on Monday to a 3-week high.  The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.  Iran is also seeking to control ship transit through the Strait of Hormuz, asking vessels to provide lists of crew and cargo, along with voyage details and bills of lading if they want to travel through the waterway.  Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.

The International Energy Agency said last Monday that more than 40 energy sites across nine countries in the Middle East have been "severely or very severely" damaged, potentially prolonging disruptions to global supply chains once the war in Iran ends.

The markets are discounting a 3% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets settled mixed on Monday.  The Euro Stoxx 50 closed up +0.65%.  China's Shanghai Composite closed up +0.24%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -2.79%.

Interest Rates

June 10-year T-notes (ZNM6) on Monday closed up by +21 ticks.  The 10-year T-note yield fell -8.4 bp to 4.344%.  June T-notes rallied on Monday amid speculation that the ongoing war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  Also, sliding inflation expectations are supportive of T-notes after the 10-year breakeven inflation rate fell to a 3-week low of 2.295% on Monday.  T-notes added to their gains on Monday when Fed Chair Powell said inflation expectations are well anchored and the FOMC will reach its 2% inflation goals.

European government bond yields moved lower on Monday.  The 10-year German bund yield fell -5.9 bp to 3.035%.  The 10-year UK gilt yield fell -4.0 bp to 4.935%.

The Eurozone Mar economic sentiment index fell -1.6 to a 6-month low of 96.6, weaker than expectations of 96.7.

German Mar CPI (EU harmonized) rose +1.2% m/m and +2.8% y/y, right on expectations, with the +2.8% y/y gain the largest year-on-year increase in two years.

Swaps are discounting a 52% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The weakness in chipmakers and AI infrastructure stocks weighed on the broader market.  Micron Technology (MU) closed down more than -9% to lead losers in the Nasdaq 100, and Western Digital (WDC) closed down more than -8%.  Also, Marvell Technology (MRVL) and Sandisk (SNDK) closed down more than -7%, and Lam Research (LRCX) closed down more than -5%.  In addition, Seagate Technology Holdings Plc (STX), KLA Corp (KLAC), Applied Materials (AMAT), and Intel (INTC) closed down more than -4%, and ASML Holding NV (ASML), Advanced Micro Devices (AMD), and Microchip Technology (MCHP) closed down more than -3%.

Optical stocks retreated on Monday.  Applied Optoelectronics (AAOI) closed down more than -13%, and Coherent (COHR) closed down more than -9%.  Also, Credo Technology Group Holdings Ltd (CRDO) closed down more than -7%, Lumentum Holdings (LITE) closed down more than -6%, and Corning (GLW) closed down more than -5%.

Software stocks rebounded on Monday following last Friday’s plunge.  ServiceNow (NOW) closed up more than +5% to lead gainers in the S&P 500, and Salesforce (CRM) closed up more than +3% to lead gainers in the Dow Jones Industrials.   Also, Workday (WDAY) and Intuit (INTU) closed up more than +3%, and Atlassian (TEAM), Adobe (ADBE), and Autodesk (ADSK) closed up more than +2%.

Cybersecurity stocks moved higher on Monday, recovering some of last Friday’s slide.  Palo Alto Networks (PANW) closed up more than +4%, and Okta (OKTA) and Zscaler (ZS) closed up more than +3%.  Also, CrowdStrike Holdings (CRWD) closed up more than +2% and Fortinet (FTNT) closed up more than +1%.

Aluminum stocks rallied on Monday following Iran’s attacks on Middle Eastern aluminum facilities.  Alcoa (AA) closed up more than +8%, and Century Aluminum (CENX) closed up more than +7%.

Viridian Therapeutics (VRDN) closed down more than -32% after giving efficacy data from a late-stage trial of its experimental therapy for thyroid eye disease of 36%/45% placebo-adjusted proptosis response, well below expectations of 50%+.

Sysco (SYY) closed down more than -15% to lead losers in the S&P 500 after agreeing to buy Jetro Restaurant Depot LLC for $29.1 billion, including debt.

Boston Scientific (BSX) closed down more than -9% after Raymond James downgraded the stock to outperform from strong buy.

United Therapeutics (UTHR) closed up more than +12% after announcing that its study of Tyvasco to treat idiopathic fibrosis met its primary endpoint, demonstrating superiority over placebo.

Insmed Inc. (INSM) closed up more than +5% to lead gainers in the Nasdaq 100 after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $212.

TKO Group Holdings (TKO) closed up more than +3% after Citizens Financial Group initiated coverage on the stock with a recommendation of market outperform and a price target of $240.

Biogen (BIIB) closed up more than +2% after the FDA approved a high-dose version of its Spinraza drug for spinal muscular atrophy,

Earnings Reports(3/31/2026)

FactSet Research Systems Inc (FDS), McCormick & Co Inc/MD (MKC), nCino Inc (NCNO), NIKE Inc (NKE), PVH Corp (PVH), RH (RH), TD SYNNEX Corp (SNX). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.39%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.78%.  June E-mini S&P futures (ESM26) fell -0.43%, and June E-mini Nasdaq futures (NQM26) fell -0.88%.

Stock indexes gave up an early advance on Monday and settled mixed, with the S&P 500 posting a 7.5-month low and the Nasdaq 100 posting a 7.75-month low.  Concerns that a protracted war in the Middle East will derail economic growth weighed on stocks on Monday, along with a sell-off in chip stocks.  Strength in software stocks kept the Dow Jones Industrial Average in positive territory.

More News from Barchart

Trump Says Micron Is One of the 'Hottest' Stocks. Does That Make MU a Buy Here? Stocks Set to Open Higher as Bond Yields Fall on Fading Rate-Hike Bets, U.S. Jobs Data and Powell’s Remarks Awaited Micron Stock Cools Off — Is MU Now Too Cheap to Ignore? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!

Stock indexes initially moved higher on Monday as a decline in bond yields sparked some short covering.  The 10-year T-note yield fell by -8 bp on Monday to 4.34%, amid fears that the war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  T-note yields also moved lower on Monday after Fed Chair Powell said inflation expectations are well anchored and that the FOMC will meet its 2% inflation goal. He added, "It's too soon to know what the economic effects will be" from the Iran war.

The US Mar Dallas Fed manufacturing activity survey fell by -0.4 to -0.2, weaker than expectations of an increase to 2.0.

US and Israeli forces pressed ahead with attacks on Iran on Monday, while the UAE issued multiple alerts and Saudi Arabia and Kuwait reported numerous strikes by Iranian drones and missiles as the war in Iran entered its fifth week.  The Washington Post on Monday said the Pentagon is preparing for weeks of ground operations in Iran, as about 3,500 sailors and Marines have arrived in the Middle East.  President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and could seize the export hub of Kharg Island, which would involve US ground troops and mark a major escalation of the conflict.

Crude oil prices (CLK26) rose more than +3% on Monday to a 3-week high.  The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.  Iran is also seeking to control ship transit through the Strait of Hormuz, asking vessels to provide lists of crew and cargo, along with voyage details and bills of lading if they want to travel through the waterway.  Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.

Story Continues

The International Energy Agency said last Monday that more than 40 energy sites across nine countries in the Middle East have been "severely or very severely" damaged, potentially prolonging disruptions to global supply chains once the war in Iran ends.

The markets are discounting a 3% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets settled mixed on Monday.  The Euro Stoxx 50 closed up +0.65%.  China's Shanghai Composite closed up +0.24%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -2.79%.

Interest Rates

June 10-year T-notes (ZNM6) on Monday closed up by +21 ticks.  The 10-year T-note yield fell -8.4 bp to 4.344%.  June T-notes rallied on Monday amid speculation that the ongoing war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  Also, sliding inflation expectations are supportive of T-notes after the 10-year breakeven inflation rate fell to a 3-week low of 2.295% on Monday.  T-notes added to their gains on Monday when Fed Chair Powell said inflation expectations are well anchored and the FOMC will reach its 2% inflation goals.

European government bond yields moved lower on Monday.  The 10-year German bund yield fell -5.9 bp to 3.035%.  The 10-year UK gilt yield fell -4.0 bp to 4.935%.

The Eurozone Mar economic sentiment index fell -1.6 to a 6-month low of 96.6, weaker than expectations of 96.7.

German Mar CPI (EU harmonized) rose +1.2% m/m and +2.8% y/y, right on expectations, with the +2.8% y/y gain the largest year-on-year increase in two years.

Swaps are discounting a 52% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The weakness in chipmakers and AI infrastructure stocks weighed on the broader market.  Micron Technology (MU) closed down more than -9% to lead losers in the Nasdaq 100, and Western Digital (WDC) closed down more than -8%.  Also, Marvell Technology (MRVL) and Sandisk (SNDK) closed down more than -7%, and Lam Research (LRCX) closed down more than -5%.  In addition, Seagate Technology Holdings Plc (STX), KLA Corp (KLAC), Applied Materials (AMAT), and Intel (INTC) closed down more than -4%, and ASML Holding NV (ASML), Advanced Micro Devices (AMD), and Microchip Technology (MCHP) closed down more than -3%.

Optical stocks retreated on Monday.  Applied Optoelectronics (AAOI) closed down more than -13%, and Coherent (COHR) closed down more than -9%.  Also, Credo Technology Group Holdings Ltd (CRDO) closed down more than -7%, Lumentum Holdings (LITE) closed down more than -6%, and Corning (GLW) closed down more than -5%.

Software stocks rebounded on Monday following last Friday’s plunge.  ServiceNow (NOW) closed up more than +5% to lead gainers in the S&P 500, and Salesforce (CRM) closed up more than +3% to lead gainers in the Dow Jones Industrials.   Also, Workday (WDAY) and Intuit (INTU) closed up more than +3%, and Atlassian (TEAM), Adobe (ADBE), and Autodesk (ADSK) closed up more than +2%.

Cybersecurity stocks moved higher on Monday, recovering some of last Friday’s slide.  Palo Alto Networks (PANW) closed up more than +4%, and Okta (OKTA) and Zscaler (ZS) closed up more than +3%.  Also, CrowdStrike Holdings (CRWD) closed up more than +2% and Fortinet (FTNT) closed up more than +1%.

Aluminum stocks rallied on Monday following Iran’s attacks on Middle Eastern aluminum facilities.  Alcoa (AA) closed up more than +8%, and Century Aluminum (CENX) closed up more than +7%.

Viridian Therapeutics (VRDN) closed down more than -32% after giving efficacy data from a late-stage trial of its experimental therapy for thyroid eye disease of 36%/45% placebo-adjusted proptosis response, well below expectations of 50%+.

Sysco (SYY) closed down more than -15% to lead losers in the S&P 500 after agreeing to buy Jetro Restaurant Depot LLC for $29.1 billion, including debt.

Boston Scientific (BSX) closed down more than -9% after Raymond James downgraded the stock to outperform from strong buy.

United Therapeutics (UTHR) closed up more than +12% after announcing that its study of Tyvasco to treat idiopathic fibrosis met its primary endpoint, demonstrating superiority over placebo.

Insmed Inc. (INSM) closed up more than +5% to lead gainers in the Nasdaq 100 after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $212.

TKO Group Holdings (TKO) closed up more than +3% after Citizens Financial Group initiated coverage on the stock with a recommendation of market outperform and a price target of $240.

Biogen (BIIB) closed up more than +2% after the FDA approved a high-dose version of its Spinraza drug for spinal muscular atrophy,

Earnings Reports(3/31/2026)

FactSet Research Systems Inc (FDS), McCormick & Co Inc/MD (MKC), nCino Inc (NCNO), NIKE Inc (NKE), PVH Corp (PVH), RH (RH), TD SYNNEX Corp (SNX).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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