U.S. Market Close Report - 2026-04-13
U.S. Market Close Report - 2026-04-13
On April 13, 2026, U.S. equity markets experienced a notable sector rotation, with the Energy sector leading gains and the Financials sector underperforming. This shift was influenced by geopolitical developments and the commencement of the Q1 2026 earnings season.
U.S. Indices
The S&P 500 [ETF](https://aksoycapital.com/glossary/exchange-traded-fund-etf.html) (SPY) closed at $686.10, up 0.98%, while the Nasdaq 100 ETF (QQQ) rose 1.03% to $617.39. The Dow Jones ETF (DIA) increased by 0.60% to $482.13, and the Russell 2000 ETF (IWM) gained 1.44%, closing at $265.07. The Total Market ETF (VTI) ended the day at $338.67, up 1.08%.
Top Movers
Top Gainers:
- Oracle Corporation (ORCL): Shares surged 12.69% to $155.62.
- FICO Inc. (FICO): Increased by 8.52% to $1,000.91.
- Cadence Design Systems Inc. (CDNS): Rose 8.48% to $288.20.
- IT (Information Technology) Sector: Gained 7.31%, with shares closing at $154.22.
- ServiceNow Inc. (NOW): Advanced 7.30% to $89.06.
Top Losers:
- AT&T Inc. (T): Declined 3.21% to $25.61.
- General Mills Inc. (GIS): Fell 2.89% to $34.56.
- The Hershey Company (HSY): Dropped 2.32% to $197.61.
- Mondelez International Inc. (MDLZ): Decreased 2.24% to $57.68.
- Hormel Foods Corporation (HRL): Shares fell 1.87% to $20.48.
Global Markets
Europe:
- FTSE 100 (UK): Closed at 10,582.96, down 0.17%.
- DAX (Germany): Ended at 23,742.44, a decrease of 0.26%.
- CAC 40 (France): Finished at 8,235.98, down 0.29%.
- Euro Stoxx 50: Closed at 5,905.02, a decline of 0.36%.
Asia:
- Nikkei 225 (Japan): Data not available.
- Hang Seng (Hong Kong): Data not available.
- Shanghai Composite (China): Data not available.
Canada:
- TSX Composite: Closed at 33,879.24, up 0.54%.
Commodities
- Energy:
- WTI Crude Oil: Settled at $98.01, up 1.49%.
- Brent Crude: Closed at $98.11, an increase of 3.06%.
- Natural Gas: Ended at $2.63, down 0.79%.
- Precious Metals:
- Gold: Closed at $4,766.60, up 0.10%.
- Silver: Ended at $75.74, a decrease of 0.77%.
- Platinum: Closed at $2,087.70, up 1.88%.
- Industrial Metals:
- Copper: Settled at $6.00, an increase of 2.27%.
Money Market / Rates Curve
- SOFR (overnight): 3.61%
- 3-Month [T-Bill](https://aksoycapital.com/glossary/t-bill.html): 3.69%
- 6-Month T-Bill: 3.72%
- 1-Year Treasury: 3.70%
- 10-Year TIPS Real Yield: 1.95%
Macro and FX
- VIX: Data not available.
- 10-Year Treasury Yield: Data not available.
- 2-Year Treasury Yield: Data not available.
- 10Y-2Y Spread: Data not available.
- DXY (Dollar Index): 98.42
- Fed Funds Rate: 0.0%
Crypto
- Bitcoin (BTC-USD): $73,235.83, up 3.51%.
- Ethereum (ETH-USD): $2,262.48, an increase of 3.21%.
Top Stories Driving Markets
- Geopolitics: President Donald Trump announced a blockade of the Strait of Hormuz following the collapse of U.S.-Iran talks, leading to a surge in energy prices and a decline in major U.S. stock indices. ([apnews.com](https://apnews.com/article/fafebd0711ab3b2a191ae23d4fe33350?utm_source=openai))
- Geopolitics: Vice President Vance departed Islamabad without an Iran deal, citing Iran's refusal to halt its nuclear program, prompting a safe-haven bid in gold and Treasuries. ([apnews.com](https://apnews.com/article/fafebd0711ab3b2a191ae23d4fe33350?utm_source=openai))
- Commodity: Brent crude oil prices surpassed $100 due to the risk of the Strait of Hormuz closure, leading to increased flows into the Energy Select Sector SPDR Fund (XLE) and a weakening of airline and transport equities. ([apnews.com](https://apnews.com/article/fafebd0711ab3b2a191ae23d4fe33350?utm_source=openai))
- Policy: Expectations for near-term rate cuts were scaled back amid fresh inflation concerns, resulting in a modest steepening of the yield curve. ([apnews.com](https://apnews.com/article/fafebd0711ab3b2a191ae23d4fe33350?utm_source=openai))
- Earnings: The Q1 2026 earnings season commenced with a focus on large banks, with results from Goldman Sachs, JPMorgan Chase, and Citigroup scheduled this week. ([apnews.com](https://apnews.com/article/fafebd0711ab3b2a191ae23d4fe33350?utm_source=openai))
- Economy: European indices opened lower due to geopolitical tensions and energy shocks, with defensive sectors leading while autos and airlines lagged. ([apnews.com](https://apnews.com/article/fafebd0711ab3b2a191ae23d4fe33350?utm_source=openai))
Looking Ahead
Investors will be closely monitoring the upcoming earnings reports from major financial institutions, including Goldman Sachs, JPMorgan Chase, and Citigroup, scheduled for this week. Additionally, the Producer Price Index (PPI) report, set for release on Tuesday, April 14, 2026, will provide further insights into inflationary pressures. Market participants are also watching the Federal Reserve's Beige Book release on Wednesday, April 15, 2026, for indications on economic conditions and potential policy adjustments.