economy
April 20, 2026
World stock markets: Wall Street at record highs, oil prices drop sharply
New York Stock Exchange stocks recorded a third week of strong gains, as positive developments in the Middle East boosted investor optimism.
TL;DR
- S&P 500 and Nasdaq reached new historical highs.
- A 10-day ceasefire between Israel and Lebanon contributed to positive market sentiment.
- Iran announced the full opening of the Strait of Hormuz for commercial ships during the ceasefire.
- Weekend events saw complications with the Strait of Hormuz closure and the US seizing an Iranian cargo ship.
- Negotiations for a new round of talks are underway, with Iran refusing to participate under US naval blockade.
- Crude oil prices (WTI and Brent) fell significantly.
- Major US banks reported strong quarterly results, driven by trading and investment banking.
- Consumer spending remains strong despite rising energy prices, with low credit card delinquency rates.
- Microsoft shares surged 14% on strong Copilot sales and sector recovery.
- Netflix shares dropped nearly 10% despite beating quarterly expectations, due to a weaker-than-expected forecast.
- Netflix shares are still up 4% year-to-date after a recovery in February.
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