Market Report, 2026-04-14

It is another good day for stockholders, as most major stock indices continued to rally, approaching their previous all-time highs. The rally continued to be fueled by optimism surrounding the possibility of improvement in the current geopolitical situation, particularly regarding the reopening of the Strait of Hormuz. Although the strait remains closed and the U.S. blockade is still in place, confirmation that Iran has reached out for further negotiations was sufficient for the market to rally significantly.

The Dow Jones Industrial Average, an index composed of a more conservative mix, lagged behind other indices, rising only 318 points to 48,536. The NASDAQ posted a 1.81% return, reaching 25,842. The S&P 500 ended the day 1.18% higher at 6,967. Sector performance showed that the energy sector slid significantly; materials and consumer staples ended the day slightly in the red, while all other sectors rallied. Stocks in AI and adjacent industries continued to be the best performers.

The bond market rallied more than in prior days but still appeared to be more measured. Both the 5-year and 10-year U.S. Treasury yields declined by 5 basis points to 3.86% and 4.25%, respectively. Gold also began building momentum again, approaching the 4,900 mark.

Turning to economic data, small businesses are meaningfully less optimistic in March, largely due to the spike in oil prices. The inflation gauge for producers showed a much smaller increase than expected, which likely alleviated many concerns regarding prices.

Tomorrow, the homebuilder confidence index and the Empire State manufacturing survey will help gauge different sectors of the U.S. economy. Adams Wealth Advisors will provide further updates. Thank you for listening.