U.S. Market Close Report - 2026-04-28

U.S. Indices

On April 28, 2026, U.S. stock indices experienced declines, with the S&P 500 falling 0.5% to 7,138.80, the Dow Jones Industrial Average slipping 0.1% to 49,141.93, and the Nasdaq Composite decreasing 0.9% to 24,663.80. The Russell 2000 index of smaller companies declined 1.2% to 2,756.05. ([washingtonpost.com](https://www.washingtonpost.com/business/2026/04/28/wall-street-stocks-dow-nasdaq/f3add9ba-433e-11f1-b19d-32431046b5b4_story.html?utm_source=openai))

Top Movers

Top Gainers:

• Coca-Cola Company (KO): Shares rose 3.86% to $78.35.
• UnitedHealth Group Incorporated (UNH): Increased by 3.41% to $366.77.
• Philip Morris International Inc. (PM): Gained 3.10% to $165.89.
• The J.M. Smucker Company (SJM): Advanced 2.85% to $98.05.
• Altria Group, Inc. (MO): Rose 2.73% to $67.80.

Top Losers:

• Spotify Technology S.A. (SPOT): Shares declined 12.43% to $434.20.
• Zimmer Biomet Holdings, Inc. (ZBH): Fell 10.57% to $82.80.
• Corning Inc. (GLW): Dropped 8.90% to $153.05.
• Applied Materials, Inc. (AMAT): Decreased by 5.87% to $381.11.
• Teradyne, Inc. (TER): Shares fell 5.44% to $380.13.

Global Markets

Europe:

• FTSE 100 (UK): Closed at 10,332.79, up 0.11%.
• DAX (Germany): Ended at 24,018.26, down 0.27%.
• CAC 40 (France): Finished at 8,104.09, down 0.46%.
• Euro Stoxx 50: Closed at 5,836.10, down 0.41%.

Asia:

• Nikkei 225 (Japan): Data not available.
• Hang Seng (Hong Kong): Data not available.
• Shanghai Composite (China): Data not available.
• TSX Composite (Canada): Closed at 33,584.34, down 0.69%.

Commodities

• WTI Crude Oil: Rose 3.37% to $99.62 per barrel.
• Brent Crude: Decreased 3.63% to $104.30 per barrel.
• Natural Gas: Increased 5.06% to $2.68 per MMBtu.
• Gold: Fell 1.41% to $4,609.60 per ounce.
• [Silver](https://aksoycapital.com/glossary/silver.html): Dropped 1.94% to $73.55 per ounce.
• Platinum: Decreased 1.62% to $1,949.00 per ounce.
• Copper: Fell 0.69% to $5.98 per pound.

Money Market / Rates Curve

• Federal Funds Rate: 3.64%.
• [SOFR](https://aksoycapital.com/glossary/sofr.html) (Overnight): 3.66%.
• 1-Month [T-Bill](https://aksoycapital.com/glossary/t-bill.html): 3.70%.
• 3-Month T-Bill: 3.68%.
• 6-Month T-Bill: 3.72%.
• 1-Year Treasury: 3.69%.
• 10-Year TIPS Real Yield: 1.91%.

Macro and FX

• VIX: 0.0.
• 10-Year Treasury Yield: 4.35%.
• 2-Year Treasury Yield: 0.0%.
• 10Y-2Y Spread: 0.0 percentage points.
• DXY (Dollar Index): 98.62.
• Fed Funds Rate: 3.64%.

Crypto

• Bitcoin (BTC-USD): Decreased 1.35% to $76,323.96.
• Ethereum (ETH-USD): Fell 0.66% to $2,287.80.

Top Stories Driving Markets

On April 12, 2026, geopolitical tensions escalated as President Trump announced a U.S. blockade of the Strait of Hormuz following the collapse of weekend talks with Iran. This development led to a surge in energy prices and a decline in major U.S. stock indices, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite dropping more than 1%. The heightened inflation risk prompted a repricing of rate-cut expectations. ([apnews.com](https://apnews.com/article/b147717d731d3f7cfaf27a9625715c21?utm_source=openai))

Additionally, Vice President Vance departed Islamabad without securing an agreement with Iran, citing the refusal to halt Iran's nuclear program. This diplomatic impasse spurred a safe-haven bid in gold and Treasuries, while the U.S. dollar firmed against