Weekly Market Insights | Records Fall as S&P 500 Tops 7,100

Weekly Market Insights | Records Fall as S&P 500 Tops 7,100

April 21, 2026

Stocks rallied last week as investor enthusiasm built for an end to the war in the Middle East and hopes of a resumption of normal global trade.  

The Standard & Poor’s 500 Index rose 4.54%, while the Nasdaq Composite Index picked up 6.84%. The Dow Jones Industrial Average advanced 3.19%. The MSCI EAFE Index, which tracks developed overseas stock markets, increased 2.15%.1,2

Shift to “Risk-On” from “Risk-Off”

The S&P 500 ended the week at 7,126.06, its highest closing level ever. The market benchmark also reached a fresh intraday high on Friday of 7,147.52.

The weekly climb -- its third in a row -- moved the S&P 500 back into positive territory for the year to date. It is now up 4.1% for 2026 and 9.2% for April.

President Donald Trump said Iran agreed to suspend its nuclear program indefinitely and won't receive any frozen funds from the US, Bloomberg reported. Trump said in a phone interview on Friday that a deal to end the war is mostly complete and talks over a lasting agreement will "probably" be held this weekend, according to the Bloomberg news report.

Earlier Friday, Iran announced the reopening of the Strait of Hormuz for the remainder of the US-Iran ceasefire period.

The technology sector had the largest percentage gain this week across the S&P 500's 11 sectors, jumping 8.1%, followed by a 6.6% climb in consumer discretionary and a 6.3% advance in communication services. Real estate and financials were also strong, rising more than 3% each, while industrials and health care also edged higher.

Oracle (ORCL) shares led the technology sector's advance, soaring 27%. The company said it plans to expand its multi-cloud networking capabilities to provide connectivity between Oracle Cloud Infrastructure and Amazon's (AMZN) Amazon Web Services.

The consumer discretionary sector was boosted by a 15% jump in Tesla (TSLA) shares. The electric vehicle maker is developing a new compact, lower-cost electric SUV as it looks to expand its lineup beyond the Tesla Model Y and Tesla Model 3, according to a Reuters report citing unnamed sources familiar with the matter. Also, Tesla is planning to launch a six-seat, long-wheelbase version of the Model Y in India as early as next week, Bloomberg reported, citing unnamed sources.

Four sectors declined this week, led by a 3.5% drop in energy and a 1.7% slip in utilities. Materials and consumer staples also edged lower.

The energy sector's drop came as crude oil futures fell amid Iran's announcement reopening the Strait of Hormuz. The hardest-hit stocks included shares of Coterra Energy (CTRA), Devon Energy (DVN) and APA Corp. (APA), which shed 7.5% each.

Quarterly earnings are expected this week from companies including Tesla, GE Aerospace (GE), GE Vernova (GEV), UnitedHealth Group (UNH), Philip Morris International (PM), International Business Machines (IBM), AT&T (T), Boeing (BA), Intel (INTC), American Express (AXP), Union Pacific (UNP), and Procter & Gamble (PG).

Economic data will include March retail sales and pending home sales as well as a final reading on April consumer sentiment.


Source: YCharts.com, April 18, 2026. Weekly performance is measured from Monday, April 13 to Friday, April 17. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.

Where Americans Moved in 2025

This Week: Key Economic Data

Tuesday: Retail Sales. Business Inventories. Leading Economic Indicators. Pending Home Sales.

Wednesday: EIA Petroleum Report. Atlanta Fed Business Inflation Expectations.

Thursday: Weekly Jobless Claims. Purchasing Managers Index (PMI)—Services. Purchasing Managers Index (PMI)—Manufacturing. Fed Balance Sheet. EIA Natural Gas Report.

Friday: Consumer Sentiment.

Source: Investors Business Daily - Econoday economic calendar; April 17, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings

Tuesday: GE Aerospace (GE), UnitedHealth Group Incorporated (UNH), RTX Corporation (RTX), Intuitive Surgical, Inc. (ISRG), Danaher Corporation (DHR), Interactive Brokers Group, Inc. (IBKR), Capital One Financial Corporation (COF), Northrop Grumman Corporation (NOC)

Wednesday: Tesla, Inc. (TSLA), Lam Research Corporation (LRCX), GE Vernova Inc. (GEV), Philip Morris International Inc. (PM), International Business Machines Corporation (IBM), Texas Instruments Incorporated (TXN), AT&T Inc. (T), The Boeing Company (BA), Vertiv Holdings Co. (VRT), CME Group Inc. (CME)

Thursday: Intel Corporation (INTC), American Express (AXP), Thermo Fisher Scientific Inc. (TMO), NextEra Energy, Inc. (NEE), Union Pacific Corporation (UNP), Honeywell International Inc. (HON), Lockheed Martin Corporation (LMT), Newmont Corporation (NEM), Comcast Corporation (CMCSA)

Friday: The Procter & Gamble Company (PG), Southern Copper Corporation (SCCO), HCA Healthcare, Inc. (HCA)

Source: Zacks, April 17, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

"A real friend is one who walks in when the rest of the world walks out."

– Walter Winchell

Are You Prepared for a Natural Disaster? 

Natural disasters, such as hurricanes, earthquakes, or wildfires, can occur at any time, so preparing before disaster strikes is essential. Here are a few tips to help you prepare in case anything happens: 

  • Update Your Family’s Emergency Strategy: These can include knowing where to go, where you keep all necessary documents and possessions, and what you need to be prepared for. Check these regularly, as circumstances can change. 
  • Create Digital Copies of Important Documents: Most financial organizations, such as banks and insurance companies, provide digital copies of bank statements, tax returns, and insurance policies anyway, and keeping all these digital copies saved and organized is an excellent practice to get into. If you only have paper copies of important documents, scan them and store them securely for emergency access.
  • Document Valuables: Documenting valuables makes it easier to claim insurance and tax benefits after a natural disaster. A disaster loss workbook will help you compile a list of belongings and photographs that can make this process even more accessible for both the IRS and your insurance provider. 

These tips may help you have everything you need ready in the case of a natural disaster or other emergency.

This information is not a substitute for individualized tax advice. Please consult with a qualified tax professional to discuss your specific tax issues.

Tip adapted from IRS.gov8

Picking Up a Creative Hobby Is About More Than Passing the Time

Creative hobbies like writing, knitting, and making clothes are about more than just passing the time. Creative hobbies and side projects can make you happier, healthier, and more productive.

When considering a side project or hobby, experts suggest picking something low-risk, low-pressure, and a labor of love. The difference between a creative hobby and a side project is that a creative hobby is ongoing and doesn’t have a dedicated end goal. Side projects have a goal at the end of the tunnel. For example, your creative hobby could be writing, and your side project could be writing a book.

Coming up with a project or hobby can provide a psychological lift and a boost to work productivity.

Tip adapted from Fast Company9

What 8-letter name would be cute and logical for a house cat living below the Mason-Dixon line?

Last Week's Riddle: A ship cruised out of the Pacific Ocean and into the Atlantic Ocean through the Panama Canal, but as it went through the Panama Canal, it didn’t travel east. How is this possible?

Answer: The Panama Canal runs northwest-southeast. Ships travel northwest through the canal to enter the Caribbean Sea (and the Atlantic Ocean).

Lençóis Maranhenses

Maranhão, Brazil 

Footnotes And Sources

1. WSJ.com, April 17, 2026
2. Investing.com, April 17, 2026
3. CNBC.com, April 13, 2026
4. CNBC.com, April 15, 2026
5. CNBC.com, April 16, 2026
6. WSJ.com, April 17, 2026
7. CNBC.com, April 15, 2026
8. IRS.gov, September 25, 2025
9. Fastcompany.com, November 17, 2025

10. MT Newswires, YCharts.com, April 13 - 17, 2026

11. Andy Liechty & Associates: Leave The Key Homebuyers 2026

12. Visual Capitalist: Hire Helper 2026

Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.

The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.

The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.

The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. The Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and considered a broad indicator of the performance of stocks of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.

U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.

International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.

Please consult your financial professional for additional information.

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.

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