--- title: "S&P 500 Eases On Iran Ceasefire Jitters, Crude Soars To $90: Stock Market Today" type: "News" locale: "en" url: "https://longbridge.com/en/news/283547736.md" description: "U.S. stocks declined as oil prices surged nearly 3%, with the S&P 500 slipping 0.3% and the Dow Jones down 0.2%. UnitedHealth rose 8% on strong earnings, while concerns over Iran's ceasefire negotiations weighed on market sentiment. The Nasdaq 100 outperformed, dropping only 0.1%. Treasury yields increased, reflecting economic resilience, while precious metals fell sharply. Energy stocks led gains, but gold miners and airlines suffered losses due to rising crude prices. Valmont Industries surged 12.6% after strong earnings, while Tractor Supply dropped 10.8% after missing sales expectations." datetime: "2026-04-21T18:47:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283547736.md) - [en](https://longbridge.com/en/news/283547736.md) - [zh-HK](https://longbridge.com/zh-HK/news/283547736.md) --- # S&P 500 Eases On Iran Ceasefire Jitters, Crude Soars To $90: Stock Market Today U.S. equities drifted lower into midday Tuesday with the S&P 500 and Nasdaq 100 easing from near record highs set earlier in the session, as a fresh surge in crude oil prices and rising Treasury yields tempered the April rally. **• State Street Energy Select Sector SPDR ETF shares are advancing steadily. Why are XLE shares climbing?** Pakistan’s information minister said a formal response from Iran confirming whether it will send a delegation to the Islamabad peace talks was still awaited as of midday, leaving traders pricing an uneasy middle ground between a potential diplomatic breakthrough and a re-escalation in the Strait of Hormuz. **WTI crude oil** climbed 2.7% to around $90 a barrel, while **Brent** rose 2.5% to $97.80. The **S&P 500** slipped 0.3% to 7,091, while the **Dow Jones Industrial Average** gave up 90 points, or 0.2%, to 49,352.  The **CBOE Volatility Index** climbed 5.4% to 19.89, reflecting a modest bid for hedges as the session’s risk appetite deteriorated. The **Nasdaq 100** outperformed, shedding just 0.1% to 26,567, as software and semiconductor strength offset weakness elsewhere.  Within Magnificent Seven stocks, **Amazon.com Inc.** (NASDAQ:AMZN) rose about 2% after pledging more than $20 billion in additional investment in AI start-up Anthropic, while **Apple Inc. (NASDAQ:AAPL)** slid more than 2% after announcing hardware chief John Ternus will succeed **Tim Cook** as CEO in December. **Tesla Inc. (NASDAQ:TSLA)** dropped about 1% heading into its earnings release on Wednesday, while **NVIDIA Corp. (NASDAQ:NVDA)** eased about 0.7%. The **Russell 2000** was the weakest corner of the market, dropping 0.5% to 2,780 as regional banks and transportation names dragged small caps broadly lower. A second macro focal point emerged on Capitol Hill, where Fed Chair nominee **Kevin Warsh** opened his confirmation hearing with unusually pointed prepared remarks. Warsh told senators the central bank “needs new tools and new communications,” and called for “a regime change in the conduct of Fed policy” alongside a “new inflation framework.”  The **10-year Treasury yield** advanced roughly four basis points to 4.29%, with the two-year yield rising about six basis points to 3.78% after U.S. retail sales jumped 1.7% in March — the biggest monthly gain since January 2023 — and ADP showed a sharp pickup in private payrolls, underscoring the resilience of the U.S. consumer. Precious metals sold off sharply, with spot **gold** falling 1.7% to $4,738 an ounce, while **silver** fell 4% to $76 an ounce. ## **Tuesday’s Performance In Major U.S. Indices** Index Last % Change S&P 500 7,091.12 \-0.3% Dow Jones 49,352.23 \-0.2% Nasdaq 100 26,567.29 \-0.1% Russell 2000 2,779.59 \-0.5% _Updated by 12:30 p.m. ET_ According to the Benzinga Pro platform: - The **Vanguard S&P 500 ETF (NYSE:VOO)** slipped 0.3%. - The **SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA)** eased 0.2%. - The **Invesco QQQ Trust (NASDAQ:QQQ)** dipped 0.1%. - The **iShares Russell 2000 ETF (NYSE:IWM)** fell 0.5%. ## **Gold Miners Crater, Airlines Grounded As Oil Bids Return** Energy was the clear leader at the sector level, with the **Energy Select Sector SPDR Fund** (NYSE:XLE) rising 1.31% as the crude bid fed through to supermajors and services names. At the other end, the **Real Estate Select Sector SPDR Fund** (NYSE:XLRE) dropped 1.4% as the back-up in yields hit rate-sensitive names, while the **Industrials Select Sector SPDR Fund** (NYSE:XLI) fell 1.2%, weighed down by transport and airline exposures. At the industry level, the **VanEck Oil Services ETF** (NYSE:OIH) led the board with a 1.7% gain, followed by the **iShares Expanded Tech-Software Sector ETF** (BATS:IGV) up 1.4%. The **SPDR S&P Oil & Gas Exploration & Production ETF** (NYSE:XOP) added 2.14%, while the **VanEck Semiconductor ETF** (NASDAQ:SMH) held a 0.4% gain. The session’s sharpest damage was concentrated in gold miners. The **VanEck Gold Miners ETF** (NYSE:GDX) plunged 4.1%, a sharp underperformance versus bullion’s own 1.9% decline. The **U.S. Global Jets ETF** (NYSE:JETS) sank 2.2% as the spike in crude pressured airline margins, the **Vanguard Real Estate ETF** (NASDAQ:VNQ) dropped 1.3% on the yield back-up and the **SPDR S&P Metals & Mining ETF** (NYSE:XME) fell 1.3%. On the regional banking side, the **SPDR S&P Regional Banking ETF** (NYSE:KRE) slipped 0.9%. ## **Earnings Aftermath**: Good and Bad **Valmont Industries, Inc. (NYSE:VMI)** led the Russell 1000 with a 12.60% surge to $461.52 after the infrastructure and agriculture products maker posted stronger-than-expected results and upbeat guidance. **Mueller Industries, Inc. (NYSE:MLI)** added 8.53% to $131.22 after the copper products maker delivered first-quarter EPS of $2.16 — 45% above the $1.49 consensus — on revenue of $1.193 billion versus $1 billion a year earlier, and hiked its quarterly dividend to 35 cents from 25 cents. **UnitedHealth Group Inc. (NYSE:UNH)** rallied over 8% after the insurer posted adjusted first-quarter EPS of $7.23 against a $6.59 consensus, with revenue of $111.7 billion ahead of the $109.44 billion estimate, and raised its 2026 adjusted EPS guidance. On the downside, **Tractor Supply Company (NASDAQ:TSCO)** cratered 10.8% to $39.99 after missing first-quarter sales expectations. **GE Aerospace** (NYSE:GE) also tumbled 6% amid disappointing guidance. ## **Tuesday’s Russell 1000 Top Gainers** Name % change **Valmont Industries, Inc.** +12.60% **Astera Labs, Inc.** (NASDAQ:ALAB) +8.80% **Mueller Industries, Inc.** +8.53% **UnitedHealth Group Inc.** +8.44% **Lucid Group, Inc.** (NASDAQ:LCID) +8.06% ## Tuesday’s Russell 1000 Top Losers Name % change **Tractor Supply Company** \-10.8% **FMC Corporation** (NYSE:FMC)  \-8.36% **Loar Holdings Inc.** (NYSE:LOAR) \-7.48% **FTAI Aviation Ltd.** (NASDAQ:FTAI) \-6.82% **Inspire Medical Systems, Inc.** (NYSE:INSP)  \-6.67% ### Related Stocks - [VMI.US](https://longbridge.com/en/quote/VMI.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [DJD.US](https://longbridge.com/en/quote/DJD.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.VIX.US](https://longbridge.com/en/quote/.VIX.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [IWM.US](https://longbridge.com/en/quote/IWM.US.md) - [XLRE.US](https://longbridge.com/en/quote/XLRE.US.md) - [XLI.US](https://longbridge.com/en/quote/XLI.US.md) - [IGV.US](https://longbridge.com/en/quote/IGV.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [JETS.US](https://longbridge.com/en/quote/JETS.US.md) - [VNQ.US](https://longbridge.com/en/quote/VNQ.US.md) - [XME.US](https://longbridge.com/en/quote/XME.US.md) - [KRE.US](https://longbridge.com/en/quote/KRE.US.md) - [MLI.US](https://longbridge.com/en/quote/MLI.US.md) - [UNH.US](https://longbridge.com/en/quote/UNH.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [ROI-ENERGY WATCH: Alarms and clocks](https://longbridge.com/en/news/286796437.md) - [US Cash Crude-Grades ease on first full day of volatile cash roll trading period](https://longbridge.com/en/news/287128260.md) - [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md) - [IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left](https://longbridge.com/en/news/286746172.md) - [LIVE MARKETS-In Europe, 'the pessimists are back'](https://longbridge.com/en/news/286894777.md)