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Week In Perspective | Records Fall as S&P 500 Tops 7,100 [20-April-26]
Updated: 20-April-2026
The Week on Wall Street
Stocks rallied last week as investor enthusiasm built for an end to the war in the Middle East and hopes of a resumption of normal global trade.
The Standard & Poor's 500 Index rose 4.54 percent, while the Nasdaq Composite Index picked up 6.84 percent. The Dow Jones Industrial Average advanced 3.19 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, increased 2.15 percent.1,2
Shift to "Risk-On" from "Risk-Off"
Stocks continued to ride the hopeful sentiment of a ceasefire at the start of last week, with all three averages advancing. The S&P 500 has recouped all its losses since the start of the war.3
Momentum accelerated through midweek as investors shifted from "risk-off" to "risk-on." The White House signaled that the war was "very close to over" amid reports that further talks were under discussion.
At Wednesday's close, the S&P advanced for the 10th time out of the last 11 trading sessions, while the Nasdaq marked its 11th straight close in the green.4
Stocks pushed higher again on Thursday, with the Nasdaq recording its longest winning streak since 2009. The week wrapped on a high note after Iran's foreign minister announced the Strait of Hormuz was "completely open" as negotiations continue. Oil prices dropped by roughly 10 percent on Friday, sparking another solid day on Wall Street.5,6
Record-Setting Week
Last week was one for record-breaking. By midweek, the S&P 500 and Nasdaq hit all-time highs. The S&P broke 7,000 for the first time, while the Nasdaq topped 24,000 for the first time.
The shift from "risk-off" to "risk-on" pushed the S&P over the 7,100 threshold for the first time on Friday. And the Nasdaq ended the week on a 13-day win streak, the longest positive streak since 1992. The Dow Industrials closed at 49,447.43, just below its all-time high set in early February 2026.7
This Week: Key Economic Data
Tuesday: Retail Sales. Business Inventories. Leading Economic Indicators. Pending Home Sales.
Wednesday: EIA Petroleum Report. Atlanta Fed Business Inflation Expectations.
Thursday: Weekly Jobless Claims. Purchasing Managers Index (PMI)—Services. Purchasing Managers Index (PMI)—Manufacturing. Fed Balance Sheet. EIA Natural Gas Report.
Friday: Consumer Sentiment.
Source: Investors Business Daily - Econoday economic calendar: April 17, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.
This Week: Companies Reporting Earnings
Tuesday: GE Aerospace (GE), UnitedHealth Group Incorporated (UNH), RTX Corporation (RTX), Intuitive Surgical, Inc. (ISRG), Danaher Corporation (DHR), Interactive Brokers Group, Inc. (IBKR), Capital One Financial Corporation (COF), Northrop Grumman Corporation (NOC)
Wednesday: Tesla, Inc. (TSLA), Lam Research Corporation (LRCX), GE Vernova Inc. (GEV), Philip Morris International Inc. (PM), International Business Machines Corporation (IBM), Texas Instruments Incorporated (TXN), AT&T Inc. (T), The Boeing Company (BA), Vertiv Holdings Co. (VRT), CME Group Inc. (CME)
Thursday: Intel Corporation (INTC), American Express (AXP), Thermo Fisher Scientific Inc. (TMO), NextEra Energy, Inc. (NEE), Union Pacific Corporation (UNP), Honeywell International Inc. (HON), Lockheed Martin Corporation (LMT), Newmont Corporation (NEM), Comcast Corporation (CMCSA)
Friday: The Procter & Gamble Company (PG), Southern Copper Corporation (SCCO), HCA Healthcare, Inc. (HCA)
Source: Zacks, April 17, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.
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