Market Report, 2026-04-22

Stocks just cannot wait to rally as the market plows through all the headwinds to create fresh record highs. The S&P 500 rose more than 1% to 7,138, a fresh highest-ever daily close. The NASDAQ rose nearly one and three-quarter percent to 26,937, a fresh record high. Although the Dow continued to be a thousand points shy of its own record, it also rose 341 points to 49,490.

The rebound came after the first back-to-back losses in weeks, fueled by President Trump’s ceasefire extension and upbeat earnings reports. After weeks of back-and-forth, the peace talks between the US and Iran broke down. The US President decided not to escalate but to continue the stalemate by blocking Iran’s crucial trade route. Iranian officials hesitated to continue the peace talks, claiming that the US is not serious about the negotiations.

Meanwhile, the market has decided to largely look past the theater in the Middle East, focusing on this new earnings season. Banks have already released their earnings and have demonstrated how their trading and wealth management units continue to be highly profitable. Tesla also released its earnings today, which beat estimates for earnings and cash flow. Its energy storage unit did slip surprisingly, as renewable projects throughout the United States are facing significant headwinds from the current administration, which could be a concern, as renewables are now among the cheapest sources of electricity.

The Treasury market slipped further. The 5-year and 10-year yields rose by 2 basis points to 3.93% and 4.31%, respectively.

There will be the weekly jobless claims and some preliminary survey results tomorrow. Adams Wealth Advisors will continue to bring you new, relevant information. Thank you for listening.