US Markets Hit Record Amid US-Iran Diplomacy

S&P 500 closed at a record 7,039.37 (+0.2%) and Nasdaq at 24,102.70 (+0.4%) on April 16, 2026.
Optimism over a US‑Iran ceasefire and Israel‑Lebanon truce lifted sentiment, propelling S&P 500 up 7.6% month‑to‑date and 10.7% over the past 11 sessions.
Economic data showed stronger March job growth, lower initial jobless claims, but higher oil‑inflated headline CPI and a dip in industrial production.
Corporate updates: PepsiCo beat Q1 expectations, Abbott cut FY profit guidance after $23 bn Exact Sciences deal, Netflix to report earnings later.