Morning Market Brief - 2026-04-22

April 22, 2026 at 07:50 ET

Morning Market Brief - 2026-04-22

Global markets have experienced notable volatility due to geopolitical developments, particularly in the Middle East. U.S. stock futures are currently indicating a positive open, influenced by recent diplomatic actions.

U.S. Indices

U.S. stock index futures are trending higher this morning. At 4:37 a.m. ET, Dow e-minis rose 171 points (0.35%), S&P 500 E-minis gained 31 points (0.44%), and Nasdaq 100 E-minis added 155.5 points (0.58%). ([investing.com](https://www.investing.com/news/stock-market-news/us-stock-index-futures-climb-after-trump-extends-iran-truce-4628311?utm_source=openai))

Top Movers

Top Gainers:

HP Inc. (HPQ): $21.09 (+7.66%)
UnitedHealth Group Incorporated (UNH): $346.01 (+6.96%)
D.R. Horton, Inc. (DHI): $162.20 (+5.78%)
NetApp, Inc. (NTAP): $111.80 (+4.69%)
Dell Technologies Inc. (DELL): $212.36 (+3.98%)

Top Losers:

Carnival Corporation & plc (CCL): $27.36 (-5.69%)
Insulet Corporation (PODD): $192.33 (-4.25%)
Merck & Co., Inc. (MRK): $112.56 (-3.88%)
Royal Caribbean Group (RCL): $271.47 (-3.83%)
Medtronic plc (MDT): $82.00 (-3.53%)

Global Markets

Europe:

FTSE 100 (UK): 10,498.14 (0.00%)
DAX (Germany): 24,252.01 (-0.08%)
CAC 40 (France): 8,208.12 (-0.34%)
Euro Stoxx 50: 5,925.45 (-0.08%)

Asia:

Nikkei 225 (Japan): 59,585.86 (+0.40%)
Hang Seng (Hong Kong): 26,163.24 (-1.22%)
Shanghai Composite (China): 4,106.26 (+0.52%)
TSX Composite (Canada): 33,808.30 (-1.61%)

Commodities

WTI Crude Oil: $90.40 (-1.88%)
Brent Crude: $94.19 (-4.36%)
Natural Gas: $2.73 (+1.30%)
Gold: $4,773.30 (+1.59%)
[Silver](https://aksoycapital.com/glossary/silver.html): $78.17 (+2.30%)
Platinum: $2,089.30 (+3.21%)
Copper: $6.05 (+0.87%)

Money Market / Rates Curve

Fed Funds Rate: 3.64%
SOFR (Overnight): 3.63%
1-Month [T-Bill](https://aksoycapital.com/glossary/t-bill.html): 3.69%
3-Month T-Bill: 3.71%
6-Month T-Bill: 3.72%
1-Year Treasury: 3.65%
10-Year TIPS Real Yield: 1.91%

Macro and FX

VIX: 18.87
10-Year Treasury Yield: 4.26%
2-Year Treasury Yield: 3.72%
10Y-2Y Spread: 0.54%
DXY (Dollar Index): 98.38
Fed Funds Rate: 3.64%

Crypto

Bitcoin (BTC-USD): $78,296.19 (+2.55%)
Ethereum (ETH-USD): $2,396.17 (+2.93%)

What to Watch Today

Before Market Open: Fastenal Company (FAST) is scheduled to report its Q1 earnings. As the first major industrial distributor to release results this quarter, its performance may provide insights into small-cap industrial demand.

Throughout the Day: Multiple Federal Open Market Committee (FOMC) members are scheduled to speak this week. Market participants will be attentive to any shifts in tone regarding inflation, especially in light of recent energy price increases.

April 14 Pre-Market Onwards: The Q1 bank earnings season continues with reports from Goldman Sachs, JPMorgan Chase, Citigroup, Wells Fargo, Morgan Stanley, and Bank of America. Investors will focus on net interest margin commentary and credit loss guidance.

April 14, 8:30 AM ET: The Producer Price Index (PPI) for March is scheduled for release. A higher-than-expected print could further erode near-term rate-cut expectations.

April 15, 8:30 AM ET: Retail Sales data for March will be released. A weaker-than-expected print could revive recession concerns.

April 15, 10:30 AM ET: The Energy Information Administration (EIA) will release its Weekly Crude Oil Inventories report. This will provide insights into domestic supply levels and may impact energy equities.

April 17, 8:30 AM ET: Initial Jobless Claims data will be published, offering a pulse check on the labor market amid ongoing policy tightening concerns.

Investors should remain vigilant, monitoring geopolitical developments and economic indicators that may influence market dynamics.

Morning Market Brief - 2026-04-22