Weekly Market Recap
Market Snapshot
| Index / Asset | Level | Weekly Change |
|---|---|---|
| Dow Jones | 48,185 | +1,681 (+3.62%) |
| Nasdaq | 22,902 | +1,023 (+4.68%) |
| S&P 500 | 6,816 | +234 (+3.56%) |
| MSCI EAFE | 3,045.95 | +133.71 (+4.59%) |
| U.S. 10-Year Treasury | 4.293% | -2.0 bp (-0.46%) |
| WTI Crude | $96.57/bbl | -$15.49 (-13.82%) |
No Deal with Iran, U.S. Navy to Blockade Iranian Ports The saga continues. The U.S. Vice President left Islamabad without a peace deal, and the administration has since announced a naval blockade of Iranian ports while reportedly weighing limited strikes on Iranian targets.¹ As of Sunday evening, Dow futures are down less than 1%, while WTI crude has spiked +8.65% to just below $105 per barrel.
Economic Data Slowing It was a bad week for economic data across the board. Growth is slowing,² the Fed is increasingly open to rate hikes,³ and unsurprisingly, inflation moved sharply higher⁴ on rising fuel costs.
Q1 Earnings Season Commences Q1 earnings season kicks off on Monday with Goldman Sachs (GS), followed by the four major money center banks, Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC), and asset management giant BlackRock (BLK). Market observers will also be watching Taiwan Semiconductor (TSM) for the latest read on the AI trade and Netflix (NFLX) for subscriber growth trends. With economic data light, the PPI report on Tuesday and early earnings results will likely set the tone for markets.
Week Ahead
Monday No major economic releases. Earnings: Goldman Sachs (GS).
Tuesday March Producer Price Index (PPI). Earnings: BlackRock (BLK), Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC).
Wednesday No major economic releases. Earnings: Bank of America (BAC), J.B. Hunt (JBHT).
Thursday Initial Jobless Claims. Earnings: PepsiCo (PEP), Taiwan Semiconductor (TSM), Netflix (NFLX).
Friday No major economic releases. Earnings: none.
Closing Perspective As always, our role is to look beyond the headlines and remain focused on what matters most for your long-term plan. Periods of volatility, particularly those driven by rapidly shifting geopolitical developments, can feel unsettling, but they are a normal part of investing. We continue to monitor conditions closely and will make thoughtful adjustments where appropriate. If you have any questions or would like to discuss your portfolio in more detail, we welcome the conversation.
Footnotes ¹ https://www.cnbc.com/2026/04/12/trump-iran-war-strait-of-hormuz.html² https://www.business-standard.com/world-news/us-q4-gdp-growth-revised-down-to-0-5-as-economy-slows-more-than-expected-126040901324_1.html ³ https://www.reuters.com/markets/us/fed-minutes-show-growing-openness-rate-hikes-march-meeting-2026-04-08/ ⁴ https://www.theguardian.com/business/2026/apr/10/march-inflation-soars-iran-war-economy