Morning Preview: April 13, 2026
Market Overview
U.S. stock futures are trading lower as tensions escalate following President Trump's order for a blockade of the Strait of Hormuz. This decision comes after the collapse of U.S.-Iran negotiations over Iran's nuclear program, leading to a surge in oil prices above $100 a barrel and raising concerns about inflation and global economic growth.
Futures Performance
- Dow: -257.00 points (-0.53%) at 47,872
- S&P 500: -42.25 points (-0.62%) at 6,812
- Nasdaq: -161.50 points (-0.64%) at 25,119
Recent Developments
The U.S. Navy will begin a blockade against vessels entering or leaving Iranian ports, as announced by U.S. Central Command (CENTCOM). This blockade is intended to enforce U.S. demands, which include the reopening of the Strait of Hormuz without tolls, cessation of uranium enrichment, dismantling of nuclear facilities, and halting support for regional proxy groups.
Despite the current downturn, the S&P 500 had a strong week prior, gaining 3.6%, while the Dow and Nasdaq also saw significant increases. Asian markets reflected mixed results, with the Nikkei Index down 421 points and the Shanghai Index slightly up.
Market Closing Prices from Previous Day
- S&P 500: -7.77 points (-0.11%) at 6,816.89
- Dow Jones: -269.23 points (-0.56%) at 47,916.57
- Nasdaq Composite: +80.48 points (+0.35%) at 22,902.89
- Russell 2000: -5.72 points (-0.22%) at 2,630.59
Economic Calendar
Today at 10:00 AM ET, Existing Home Sales for March will be released.
Earnings Calendar
Before the market opens: FAST, GS, SIFY. After the market closes: A LOT, FBK.
Sector News
Consumer Sector
Children’s Place reported a Q4 adjusted EPS loss of -$1.86, while Leggett & Platt is set to be acquired by Somnigroup in a $2.5 billion all-stock deal.
Energy Sector
BP has agreed to acquire stakes in three exploration licenses off Namibia, while GFL Environmental is close to acquiring Secure Waste Infrastructure in a deal valued at over C$6 billion.
Financial Sector
Artisan Partners reported preliminary AUM of $173 billion, while Lazard reported approximately $259.2 billion in AUM.
Healthcare Sector
Corcept presented positive survival data for its drug in ovarian cancer, while Ideaya's shares surged after successful trial results.
Technology Sector
Cisco is in talks to acquire Astrix Security for up to $350 million, while NXP Semiconductors was downgraded due to concerns over its product offerings.
Conclusion
The market is reacting to geopolitical tensions and economic indicators, with significant movements in oil prices and stock futures. Investors are advised to stay informed on developments in U.S.-Iran relations and upcoming economic data releases.