US Stocks Halt Rally
2026-04-09 13:39
By
Andre Joaquim
1 min. read
US equities were flat on Thursday, halting the rally from the previous session as signs of fragility in the US-Iran ceasefire kept expectations of lower oil prices in check.
The S&P 500, the Nasdaq 100, and the Dow were near the flatline.
Iran officials accused the US of violating their agreement and Tehran continued to threaten vessels on standby to cross the Strait of Hormuz.
The developments marked a pivot from the US's signal that the agreement would restore oil flows from the region and pave the way toward peace, which triggered a plunge in energy prices and bond yields in the previous session.
Tech giants were lower as the recovery in risk sentiment had provided a boost yesterday, with Nvidia, AMD, and Broadcom down over 0.5%.
Minutes from the FOMC recently published confirmed that policymakers are more cautious to inflationary pressures from the war, and tomorrow's CPI print will quantify the initial impact of higher energy prices.