US Stocks Close Higher
2026-04-13 20:18
By
Anna Fedec
1 min. read
US equities closed higher on Monday, tracking a slight trim in benchmark oil prices and a pullback in yields as investors hoped that a deal would eventually be reached between the US and Iran.
The S&P 500 and the Nasdaq 100 were up more than 1% on the rally for companies in software and applications, while the Dow gained more than 300 points.
Although the US failed to reach an agreement with Iran over the weekend, prompting President Trump to announce a blockade targeting Iranian oil shipments, Trump later stated that Iran had reached out and is now seeking to resume negotiations.
Oracle surged more than 12% and Palantir, Crowdstrike, and ServiceNow were up over 5%.
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 as much as 4% as it missed revenue estimates for fixed-income, currencies, and commodity trading.