Market Report, 2026-04-01

Stocks extended their rally into a second day. Hopes continued to grow that the military operation involving the U.S., Iran, and Israel may come to an end in the near future. President Trump continued to use rhetoric such as “ending the operation in maybe two to three weeks,” and the Iranian president delivered a speech to Americans about how the relationship between the two countries is misunderstood and how Iranians have never pursued aggression.

Like yesterday, all major stock indices and sectors ended the day higher, but on a much smaller scale. The Dow Jones Industrial Average gained 224 points to 46,566. The Nasdaq rose 1.18% to 24,020. The S&P 500 edged up 0.72% to 6,575. Among sectors, energy continued to post heavy losses; aside from that, and a moderate decline in consumer staples, all other sectors ended the day higher, led by industrials and technology, which posted gains of more than 1.5%.

The bond market did not chase the rally. Major U.S. benchmark interest rates remained in a wait-and-see mode, as the 5-year and 10-year U.S. Treasury yields both rose by 1.5 basis points to 3.96% and 4.33%, respectively. The dollar weakened, and renewed hedging efforts gave gold another push, rising 2% to nearly the 4,800 mark.

Moving on to economic data, all data releases painted a very positive picture for the past two months. The private payroll report showed that many more jobs were added than expected in March. The manufacturing survey also showed meaningfully faster expansion than economists had forecast. Retail sales for February also increased.

Tonight, the president is scheduled to give a formal address on Iran. We will also have the weekly jobless claims report and the February U.S. trade deficit data tomorrow.

Adams Wealth Advisors will continue to cover the latest topics in the market. Thank you for listening.