Weekly Market Insights - NYSE MAC Desk

Published on 4/10/26

Market Overview:

The Dow closed at 47,917 (-269), S&P 500 at 6,817 (-8), Russell 2000 at 2,631 (-6), and NYSE FANG+ at 14,982 (+126). Oil prices fell to $94.44/barrel, gold decreased to $4,773/oz, while Bitcoin surged to approximately $73.3k (+965).

Key Highlights:

• Market volatility was influenced by ongoing tensions with Iran, but the S&P 500 ended a five-week losing streak, buoyed by hopes for diplomatic resolutions.
• The BLS Employment report showed strong job growth with ~180k jobs added, but mixed underlying metrics raised concerns about the labor market.
• President Trump announced a 15-day ceasefire, which helped stabilize markets despite ongoing geopolitical tensions.
• The AI sector saw significant developments, with Anthropic unveiling a powerful model that raised cybersecurity concerns, leading to losses in the software sector.
• Semiconductors outperformed, with the ICE Semiconductor index rising over 10% amid strong earnings and partnerships.
• Energy was the only sector to decline, while consumer discretionary and industrials showed strength.

Economic Data:

Inflation data showed a 3.0% y/y increase in core PCE, with CPI rising 0.9% m/m. Initial jobless claims increased, but continuing claims fell below 1.8 million.

Global Markets:

Global equities saw broad gains, particularly in Asia, driven by tech stocks. European markets also performed well, with the STOXX 600 gaining over 3%.

Looking Ahead:

Next week, earnings season kicks off with major banks reporting. Investors will focus on economic data, including PPI and existing home sales, as well as ongoing negotiations regarding the Iran situation.