Global Markets Weekly Update - April 24, 2026
U.S. Market Overview
Most major U.S. stock indexes finished the week higher, with several reaching record highs. The Nasdaq Composite led gains, followed by the S&P 500 and Russell 2000, while the Dow Jones Industrial Average saw a decline. Positive economic data, particularly in retail sales, and strong earnings reports contributed to the upward momentum, despite ongoing geopolitical tensions related to the U.S.-Iran conflict.
Key Economic Indicators
- U.S. retail sales increased by 1.7% in March, the strongest rise in over three years.
- Consumer sentiment dipped to 49.8, reflecting concerns over inflation expectations.
- S&P Global's Flash PMI indicated a modest rebound in business activity, but with rising price pressures.
Corporate Earnings
Approximately 20% of S&P 500 companies reported earnings, with 84% exceeding estimates. The blended year-over-year earnings growth rate stood at 15.1%, marking the sixth consecutive quarter of double-digit growth.
Market Performance Summary
| Index | Friday's Close | Week's Change | % Change YTD |
|---|---|---|---|
| DJIA | 49,230.71 | -216.72 | 2.43% |
| S&P 500 | 7,165.08 | 39.02 | 4.67% |
| Nasdaq Composite | 24,836.60 | 368.12 | 6.86% |
| S&P MidCap 400 | 3,641.31 | -5.04 | 10.17% |
| Russell 2000 | 2,786.99 | 10.09 | 12.29% |
International Markets
Europe
The pan-European STOXX 600 Index fell by 2.54%, with defensive sectors outperforming amid geopolitical risks. Germany's Ifo Business Climate Index dropped to its lowest since May 2020, while consumer confidence in France also declined sharply.
Japan
Japan's Nikkei 225 Index rose by 2.12%, driven by technology stocks, while inflation pressures began to emerge due to rising energy costs. The Bank of Japan is expected to maintain a cautious stance on interest rates.
China
Mainland equities remained stable, with the PBOC holding rates steady, indicating confidence in growth despite external risks. President Xi Jinping called for a ceasefire in the Middle East, emphasizing diplomatic resolutions.
Conclusion
The week was marked by a mix of positive economic indicators and ongoing geopolitical tensions, influencing market performance across various regions. Investors remain focused on corporate earnings and inflation trends as they navigate the current landscape.