Stocks Dip Amid Iran Ceasefire Uncertainty

0:00On April 21st, stocks took a hit, Tuesday, as uncertainty hit over the U.S. Iran ceasefire. The S&P 500 dropped 0.6 percent, wiping out an early gain. The Dow fell 293 points after climbing 400 earlier, and the NASDAQ lost 0.6 percent, too. Oil prices swung wild, with Brent crude settling at $98.48 per barrel, up 3.1 percent. These dips were way louder than the brutal swings earlier in the war with Iran, when oil topped $119.00 and the S&P plunged. Nearly 10 percent from its peak. Still, markets hover near Friday's all-time high, showing investors bet on dodging the worst economic fallout. Big earnings boosted some stocks, like United Hell's jumping 7.6 percent after smashing profit estimates and raising its full year, too. 1026 forecast. Quest diagnostics rose 6 percent on stronger profits and an upbeat outlook. The counterflops like tractor supplies 12.9 percent drop on weak results.

1:03Retail sales in March, the war's first full month. Beat expectations, even stripping out gas stations. Apple slid 1.9 percent as Tim Cook announced he'll step down as CEO September 1st, passing the torch to Hardware Vett John Ternis. Amazon gained 1.2 percent on a massive deal with Anthropic, committing over $100 billion to AWS over 10 years for its clawed chatbot. Treasury yields ticked up with a 10 year at 4.28 percent. All eyes stay on the straight of Hormuz, and how long this Middle East clash drags since that could spike oil and rattle the economy for real. Investors watched close, hoping talks resume before profits turn to losses. Stay in form with US News Today, AI-powered updates.