US Stocks Swing Lower
2026-04-21 16:05
By
Andre Joaquim
1 min. read
US equity indices swung lower on Tuesday, extending the pullback from record highs last week on growing concerns that higher energy prices will dent the economy.
The S&P 500, Dow, and Nasdaq 100 dropped around 0.5% after the former and the latter reached record highs in morning exchanges.
Energy prices rose further as markets considered a prolonged suspension of oil exports from the Strait of Hormuz ahead of the end of the current ceasefire.
The developments pressured equities as Treasury yields rose, magnified by the surge in private employment per the ADP and higher core retail sales.
Apple dropped more than 2% after announcing hardware-focused John Ternus as its new CEO to replace Tim Cook in December.
Meanwhile, Tesla dropped 1% ahead of its earnings tomorrow and Nvidia fell more than 1%.
In turn, Amazon rose 2% after pledging to invest over $20 billion on Anthropic and UnitedHealth surged over 9% after delivering strong results.