Market Report, 2026-04-13

As we enter a fresh week in the markets, a renewed wave of optimism has driven stock prices significantly higher. Although peace talks between the U.S. and Iran reportedly fell apart without an agreement, the stock market recovered from its overnight dip after the U.S. president announced that Iranian officials had reached back out to U.S. officials to pursue a deal. The president said he was confident Iran would eventually agree to abandon its nuclear ambitions. Although the statement has not yet been verified, the fact that attacks have not meaningfully re-escalated, along with hopes that the statement is true, has acted as a powerful stimulus for the markets.

The Dow Jones Industrial Average rose by just over 300 points to 48,218. The Nasdaq and S&P 500 both gained a little over 1%, reaching 25,384 and 6,886, respectively. Stocks also reflected renewed optimism around AI, with AI and AI-adjacent companies posting significant gains. Names such as Oracle and SanDisk rose more than 10% in a single day.

The bond market has not been as enthusiastic. The U.S. 5-year Treasury yield declined by 3 basis points to 3.91%, and the 10-year yield declined by 2 basis points to 4.29%.

Today’s economic data highlighted continued challenges facing the housing market, with existing home sales falling to their lowest level since June 2025. The National Association of Realtors also slashed its 2026 existing-home sales forecast to 4%, down from 14% previously.

The Small Business Association will release a report tomorrow, and another important inflation gauge for producers will also be published. Adams Wealth Advisors will keep you informed.