Stock Market Today: April 15, 2026 — S&P 500 Closes Above 7,000 for First Time
The S&P 500 booked its first-ever close above 7,000 as a sliding crude tape and an 11th-straight Nasdaq up day extended the post-ceasefire rally.
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The Day at a Glance: Tech Pushes the Tape Through 7,000
The S&P 500 settled at 7,022.95, up 0.8% — the index's first-ever close north of 7,000 and a fresh all-time high that finished the round trip on every losing tick logged since the U.S.–Iran war began. The Nasdaq Composite added 1.59% to 24,016.02, its 11th consecutive positive session and another record close. The Dow Jones Industrial Average finished at 48,463.72, down 0.15%, lagging as defensive names sat out. The Russell 2000 closed at 2,713.66, up 0.30%. One-line theme: the rally was mega-cap tech and oil-price relief, not breadth.
VIX, Yields, Dollar and Commodities
The U.S. 10-year Treasury yield held around 4.25% as Treasuries gave back a small bid on Middle East de-escalation. The U.S. Dollar Index (DXY) traded near 98.19, edging higher and capping bullion. WTI crude futures hovered near $90.37 a barrel, a follow-through leg lower after Tuesday's near-8% air pocket from $91.28; Brent traded around $94.25. Spot gold sat near $4,815/oz, unable to hold early gains as the dollar firmed. The volatility tape eased alongside crude, with risk premium continuing to bleed out of the post-ceasefire window.
Single-Stock Movers
ASML — Q1 print beat on both lines: €2.76B in earnings on €8.76B in sales, top of consensus. Shares fell about 4% in the premarket and traded heavy through the U.S. session as buyers balked at a name already up 41% YTD and 125% over twelve months.
Bank of America — Q1 profit rose 17% year-on-year. EPS of $1.11 beat the $1.01 consensus; net revenue climbed 7% to $30.3B. Management flagged a still-solid consumer, in line with what JPMorgan and Wells Fargo had said earlier in the week.
Morgan Stanley — Record quarter. EPS of $3.43 vs. $3.02 expected; revenue of $20.6B (a firm record), up 16% YoY and ahead of the $19.8B Street estimate. Equities trading revenue jumped 25% to a record $5.15B (≈$450M above StreetAccount); investment banking revenue climbed 36% to $2.12B; FICC was up 29% to $3.36B.
Nvidia — The single largest positive S&P 500 point contributor on the session, extending the AI-hardware bid that has powered the Nasdaq's 11-day run. Mega-cap semis carried the index-level math while breadth stayed mixed.
Intel — The session's most prominent point-drag inside the S&P 500, fading on the same dispersion trade that lifted Nvidia.
Macro and Policy
The April Empire State Manufacturing Survey jumped to +11.0, the highest reading in five months, versus a –0.2 print in March and a –0.5 consensus. New orders surged to 19.3 from 6.4, shipments swung to 20.2 from –6.9, and the employment index rose to 9.8. Less constructive: the prices-paid index accelerated to 51.0 from 36.6, and the six-month outlook softened to 19.6 from 31.0 — a hot-but-stickier read on input costs that fits the post-PPI narrative.
The macro overhang remained the U.S.–Iran ceasefire announced April 7. Wednesday's tape priced more relief: crude leaked, the dollar caught a bid, bullion stalled, and equities pushed through prior highs. The Federal Reserve Board held a closed meeting at 10:00 a.m. ET covering financial markets, institutions and infrastructure; no policy headline emerged.
The March CPI print released April 10 — +0.9% MoM SA on headline (energy +10.9%, gasoline +21.2%) and +0.2% MoM on core, +3.3% YoY headline / +2.6% YoY core — remained the macro backdrop. Tuesday's PPI ran hot at +0.5% MoM, but markets shrugged it off as energy passthrough that should fade with crude.
Earnings Highlights
The Wednesday-morning bank/semi slate was the session's main event: Bank of America (beat, +17% profit), Morgan Stanley (record revenue and EPS) and ASML (beat, sold) framed a tape where execution mattered less than positioning. Citigroup, Goldman Sachs, JPMorgan and Wells Fargo had already cleared earlier in the week, all with EPS beats — Citi posted its best quarterly revenue in a decade at $24.6B and EPS of $3.06.
What's on Tap Next
Thursday, April 16 brings the weekly initial jobless claims print at 8:30 a.m. ET, retail-sales follow-through commentary, and earnings from Travelers, KeyCorp, M&T Bank, and Snap-on, with semiconductor focus shifting to TSMC's quarterly call in Asia hours. Watch the Nasdaq's streak math (a green Thursday would tie the longest run since 2009) and any second-derivative move in WTI as the two-week ceasefire window narrows.
Sources:
- CNBC: Stock market today live updates, April 15, 2026
- TheStreet: Stock Market Today (Apr. 15, 2026)
- US News: S&P 500 Closes at Fresh Record
- FinancialContent: Nasdaq Logs Historic 10-Day Win Streak
- Whalesbook: Oil Plummets on Easing Fears
- Advisor Perspectives: Empire State Manufacturing Survey, April 2026
- Yahoo Finance: Earnings live updates — Bank of America, ASML
- Motley Fool: Morgan Stanley Q1 2026 transcript
- BLS: CPI March 2026