Hormuz Blockade Lifts Nasdaq +0.52%, BYD Rallies 5% — Market Wrap April 13, 2026

7horns.ai Daily Briefing EN · Apr 13, 2026 · 3m

Today's AI insights from 7horns.ai: US markets closed with modest gains despite significant geopolitical concerns. The S&P 500 edged up 0.43%, while the Nasdaq Composite rose 0.52%, buoyed by resilient technology stocks. The primary catalyst was the U.S. Navy's blockade of the Strait of Hormuz, which sent crude oil prices surging above $100 per barrel and spiked the VIX over 9%. However, tech sector strength helped mitigate broader declines. Among notable moves, BYD Company rallied nearly 5%, while Bloom Energy gained over 4.4%. Conversely, Guidewire Software tumbled over 5% today, adding to…