US Stocks Extend Gains

2026-04-16 20:20 By Anna Fedec 1 min. read

The S&P 500 and Nasdaq hit new record highs Thursday, extending a strong week driven by hopes of easing Iran tensions.The S&P 500 rose 0.3% to new record high, the Nasdaq gained 0.4% to 24,100 while the Dow added 115 points.

Markets got an extra lift after President Trump said Israel and Lebanon agreed to a 10-day ceasefire starting at 5 p.m.

ET, a move seen as key to potential US-Iran talks.

Energy, materials, and real estate led sector gains, while healthcare and consumer discretionary lagged.

PepsiCo rose 2.5% after reporting better-than-expected earnings and revenue, while Bank of New York Mellon gained 2% on strong results.

In contrast, Charles Schwab fell 7% as its results disappointed, and Abbott Laboratories dropped more than 6% following weak guidance.

Finally, Netflix Inc. forecast a weaker-than-expected Q2, sending shares lower, and said co-founder Reed Hastings will step down as chairman after 29 years.



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The S&P 500 and Nasdaq hit new record highs Thursday, extending a strong week driven by hopes of easing Iran tensions.The S&P 500 rose 0.3% to new record high, the Nasdaq gained 0.4% to 24,100 while the Dow added 115 points. Markets got an extra lift after President Trump said Israel and Lebanon agreed to a 10-day ceasefire starting at 5 p.m. ET, a move seen as key to potential US-Iran talks. Energy, materials, and real estate led sector gains, while healthcare and consumer discretionary lagged. PepsiCo rose 2.5% after reporting better-than-expected earnings and revenue, while Bank of New York Mellon gained 2% on strong results. In contrast, Charles Schwab fell 7% as its results disappointed, and Abbott Laboratories dropped more than 6% following weak guidance. Finally, Netflix Inc. forecast a weaker-than-expected Q2, sending shares lower, and said co-founder Reed Hastings will step down as chairman after 29 years.
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