S&P 500 Back to Pre-War Levels
2026-04-14 20:16
By
Joana Taborda
1 min. read
US stocks closed higher for a 2nd consecutive session on Tuesday, with the S&P 500 rising 1.2% to 6,967, its highest level since February 2nd.
The Dow Jones gained 318 points and the Nasdaq advanced 2%.
Investor sentiment was buoyed by growing optimism that the US and Iran could soon resume talks, raising hopes for a potential agreement to end the conflict and reopen the Strait of Hormuz.
Communication services and consumer discretionary stocks led the gains while energy lagged amid a decline in oil prices.
Meanwhile, several major banks continued to report their quarterly results.
JPMorgan fell 0.7% after revising down its net interest income guidance, while Wells Fargo tumbled 5.7% following disappointing results.
J&J rebounded to closed 0.9% higher, after raising its 2026 revenue outlook.
BlackRock (+3%) and Citigroup (+2.6%) were also higher on strong earnings, while American Airlines jumped 8% after reports that United Airlines CEO Scott Kirby proposed a potential merger