PPI Data and Bank Earnings Drive Markets 14/04/2026

HOT stories for today

Market wrap:

• Stocks climbed Monday as investors bet a deal between the U.S. and Iran could still be reached, lifting risk sentiment. The S&P 500 rose 1.02% its highest close since before the conflict began. The Nasdaq Composite advanced 1.23% while the Dow Jones Industrial Average gained 301.68 points, or 0.63%, recovering from an earlier drop of more than 400 points. Both the S&P 500 and Nasdaq had traded lower earlier in the session before reversing course. Technology shares led the rebound, with Oracle surging nearly 13% and Palantir Technologies rising more than 3%, helping the S&P 500 erase its losses since the onset of the Iran conflict. Markets extended gains after President Donald Trump said the U.S. had been contacted by Iran, adding that “they’d like to make a deal very badly,” signaling a potential reopening of negotiations. The move higher came despite escalating tensions.
• The U.S. imposed a blockade on maritime traffic to and from Iranian ports on Monday after weekend talks in Islamabad ended without agreement. U.S. Central Command said vessels transiting the Strait of Hormuz to non-Iranian ports would not be targeted. The breakdown in negotiations renewed concerns that the conflict could drag on, keeping upward pressure on oil prices. West Texas Intermediate crude rose 2.6% to settle at $99.08 a barrel, while Brent crude climbed 4.37% to $99.36. Asia-Pacific markets moved higher Tuesday on optimism around a potential deal, while investors looked ahead to a busy earnings calendar. JPMorgan Chase and Wells Fargo are set to report, following a mixed update from Goldman Sachs, whose shares fell after weaker fixed-income trading revenue offset stronger investment banking results. Today’s economic calendar features the release of PPI data ahead of the market open.

Software Stocks Rebound After AI-Driven Rout

• Software stocks bounced back Monday after a broad selloff last week, as investors returned to the sector in search of bargains and potential AI winners. The iShares Expanded Tech-Software Sector ETF rose 5.4%, its biggest one-day gain since April 2025, after dropping 7.2% over the previous three sessions to its lowest close since November 2023. The earlier slide was fueled by concern over Anthropic’s Claude Mythos model and its ability to identify security vulnerabilities in software. Analysts said Monday’s rebound was driven in part by investors rotating back into cloud-software names that had borne the brunt of AI-related fears.
• Oracle surged 12.7%, while Microsoft, Palantir, Salesforce and ServiceNow also posted strong gains. Cybersecurity stocks outperformed as well, supported by rising concerns over hacking risks tied to the Iran conflict. CrowdStrike and Palo Alto Networks were among the gainers, with some analysts also pointing to their ties to Anthropic’s Mythos preview as a possible advantage. Still, the outlook remains uncertain, with analysts cautioning that one day’s rally does not necessarily mark the end of the sector’s recent pressure.

Stocks on the move:

• Dell (DELL): rose 6.74% to a record close of $189.79 after a report said Nvidia was pursuing a major PC maker acquisition, before giving back 3.4% in after-hours trading after Nvidia denied it.
• Sandisk (SNDK): gained 11.83% after news of its inclusion in the Nasdaq-100.
• Fastenal (FAST): fell 6.85% after growth in industrial sales slowed.
• Revolution Medicines (RVMD): surged more than 37% after its pancreatic cancer drug succeeded in a Phase 3 trial. The company said daraxonrasib helped patients live 13.2 months, compared with 6.7 months for those receiving chemotherapy.
• Williams-Sonoma (WSM): gained more than 2% after Goldman Sachs upgraded the stock to buy, saying the shares were trading at attractive levels and citing one of the strongest brand portfolios in retail.

Watchlist: ORCL, DELL, JPM, JNJ, WFC, ACI, KMX, SNDK, NOW

Key Economic Events Today:

EST time

08:15 am: USD ADP Weekly Employment Change
08:30 am: USD Core PPI, PPI
10:15 am: USD FOMC Member Goolsbee Speaks
12:45 pm: USD FOMC Member Barr Speaks
01:00 pm: USD FOMC Member Barkin, Collins Speaks


Earnings

BMC (Before Market Open): JPMorgan Chase & Co. (JPM), Johnson & Johnson (JNJ), Wells Fargo (WFC), Citigroup ©, BlackRock (BLK), Albertson Companies (ACI), CarMax (KMX)

AMC (After Market Close): Equity Bancshares (EQBK)



The TEFS Analyst team wishes you a successful day!