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US-Iran Ceasefire Hopes Lift S&P 500 +3.6%, Energy +10.9% — Market Wrap April 12, 2026
The market saw strong weekly gains driven by hopes of a US-Iran ceasefire, with the S&P 500 rising 3.6% for the week, marking its best performance since November. Energy stocks surged 10.9% amid a sharp increase in energy costs, while the Dow gained 3% over the same period. Despite the positive sentiment earlier in the week, persistent inflationary pressures, including a 0.9% monthly rise in the consumer price index and climbing 30-year Treasury yields near 4.92%, tempered enthusiasm by week's end. The Nasdaq showed modest strength, supported by semiconductor stocks, finishing slightly up on…
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