Traders work on the floor of the New York Stock Exchange on April 17, 2026. Michael M. Santiago/Getty Images
Stocks extended their rebound into the third week of April, with the S&P 500 and Nasdaq reaching new record highs following announcements by President Donald Trump and Iran to reopen the Strait of Hormuz, easing concerns over global energy supply disruptions.
The decline in oil prices and Treasury bond yields supported investor appetite for risk assets, helping fuel a broad-based rally led by software, financial, travel, and leisure stocks, small caps, and a strong initial public offering.
