US Stocks Hold Near 5-Week High
2026-04-10 18:14
By
Anna Fedec
1 min. read
US stocks were trading near 5-week high, loosely holding the surge this week amid seemingly lower geopolitical tensions.
The S&P 500 and the Nasdaq 100 held near the flat line and Dow was slightly lower.
While the two-week ceasefire was largely being maintained across the Middle East, and the ongoing closure of the Strait of Hormuz and clashes between Israel and Hezbollah in Lebanon risked complicating this weekends negotiations in Pakistan.
Speculative tech stocks gained on the higher risk sentiment, with Amazon and Meta up 2%, while Nvidia added almost 1% on strong results from TSMC.
In turn, financial companies were slightly lower ahead of their earnings next week.
For the week, the S&P 500 has surged over 3%, putting it on track for its strongest performance since November.
The Nasdaq is set to climb more than 4%, also heading for its best week since November, while the Dow has advanced roughly 3% so far.