Futures Soar, Oil Crashes — Full Breakdown

Plus, win Benzinga PRO access, 5 new stocks to watch, earnings, and more

 

Happy Wednesday! Yesterday we highlighted April’s 80% win rate, and momentum is already off to a great start with the market surging and oil collapsing in a move that caught many off guard. Read on for all the details and insights to enhance your portfolio.

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TOP STORY

Global markets woke up to a dramatic shift overnight, with equities surging and oil collapsing in a move that caught many off guard.

The surprising ceasefire between the U.S. and Iran has temporarily eased a major supply risk, triggering a sharp, risk-on reaction from Wall Street.

The window for opportunity is short, because in two weeks, the story could look completely different. Read on for all the details and insights to enhance your portfolio.

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MARKET RECAP

Averages & Assets
AssetClose 04/07/26Price Change
SPX
$6,616.85
+0.08%
NASDAQ
$22,017.85
+0.10%
DJI
$46,584.46
-0.18%
10-Year
4.30%
-0.04 bps
PSKY - Notable Gainer
$10.90
+10.66%
AXON - Notable Loser
$372.87
-9.73%
BTC
$70,892.34
+2.95%
ETH
$2,182.89
+3.56%
XRP
$1.36
+3.03%

Yesterday: U.S. indexes were mixed on Tuesday, as the S&P 500 and Nasdaq posted slight gains, while the DOW remained in the red. Optimism increased over a potential last-minute diplomatic breakthrough between the U.S. and Iran after Pakistan’s Prime Minister Shehbaz Sharif called for a two-week delay. In energy markets, oil prices ended little changed as well after briefly climbing to their highest level since 2022, as traders tried to balanced geopolitical tensions. Lastly, economic data was mixed, with U.S. private employers adding an average of 26,000 jobs per week over the past month, marking the strongest pace since September. However it wasn’t all good news as durable goods orders fell 1.4% in February, marking the third consecutive monthly decline.

On Our Radar: Analysts will be paying attention to the Fed’s March FOMC meeting minutes and comments from San Francisco Fed President Mary Daly for signals on the policy path ahead. On the earnings front, all eyes will be on Constellation (STZ), which will report after the market close today.

MARKET HEATMAP

Despite the market finishing relatively flat on the day, there was a number of bright spots with Broadcom (AVGO), CrowdSrike (CRWD), and Paramount (PSKY) leading the way. Meanwhile the Trade Desk (TTD), Axon Enterprise (AXON) and Walmart (WMT) were among the day’s top laggards. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Tuesday.

Check out our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

FIVE ZINGERS

Ark Moves: Cathie Wood-led Ark Invest made some significant trades with Tesla, Robinhood, Roku and more. Discover which stocks she’s been buying and selling.

New Leaders: This tech giant once carried the market and is now weighing it down, recently becoming the single biggest drag on the S&P 500 this year. Click to see which stocks are carrying the index and which ones are dragging it down.

Golf Gains: Golf continues to boom both on the course and in the markets. Read on to see which stocks are quietly racking up birdies.

Bubble Bursting?: The Magnificent Seven — once untouchable — are showing cracks for the first time in over a decade. Goldman Sachs says this rare breakdown has created a valuation window that hasn’t existed since the 1970s.

Stock Of The Day: After a 400% rally in half a year, Lumentum looks unstoppable—but one false breakout could erase gains in a flash. See the key levels traders are watching right now.

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