US Stocks Pull Back
2026-04-13 13:37
By
Andre Joaquim
1 min. read
US stocks were mostly lower on Monday, aligned with a pullback for equities globally as the escalation in the Middle East conflict lifted oil prices and maintained risks of stagflation.
The S&P 500 and the Nasdaq fell slightly while the Dow dropped more than 0.5%.
The US delegation led by Vice President Vance failed to strike an agreement with Iran over the weekend, prompting President Trump to announce a blockade of tankers with Iranian energy.
Oil and gas prices surged as the conflict was prolonged, lifting bond yields and consolidating macroeconomic headwinds for credit-sensitive and speculatory sectors.
Chip producers and datacenter operators fell, with Nvidia down more than 1%.
Meanwhile, banks and asset managers were mixed ahead of their earnings this week, set to unveil risks on higher yields and vulnerabilities to private credit stress.
Goldman Sachs was the first to report, sliding 4% as it missed revenue estimates for fixed-income, currencies, and commodity trading.