Market Report, 2026-04-10

After a series of wild rides, stocks embraced a second consecutive week of gains, with nearly all major stock indices posting significant returns. Developments in the Iranian conflict have sparked major relief in global markets, ranging from stocks and bonds to gold and cryptocurrencies. While confusion and uncertainty remain, there has been a meaningful degree of de-escalation in terms of overt military actions.

As we finish the first full week of April, we have started receiving economic data for March. While February’s data generally painted a picture of a stable labor market and inflation, along with a stable yet cautious consumer outlook, March inflation data demonstrated a dramatic shift. A key gauge of inflation spiked as higher energy prices began to make their way into the system, which directly resulted in worsening consumer sentiment. With both the labor market and inflation once again at risk, macroeconomic policymakers have been pushed into another difficult position. However, if the conflict resolves soon enough to allow global supply chains to recover, we can at least expect lower inflation in the future, as gas prices are known to spike quickly but fall slowly.

Let’s now look at the performance of major assets. The Dow and S&P 500 both returned well above 3% over the week, while the NASDAQ climbed nearly 5%. AI-exposed sectors such as technology, industrials, and consumer discretionary led the rally, while the energy sector declined along with oil prices. Interest rates did not react as strongly, whereas gold and cryptocurrencies stabilized.

The peace talk is set to take place this weekend in Pakistan, the market has already shifted into a wait-and-see mode. We will continue to update you on Monday. Adams Wealth Advisors wishes you a relaxing weekend.