Wall Street Up 1%, Erases Iran Losses

Wall Street closed up ~1% on April 13, 2026, with S&P 500 at 6,887 and Nasdaq at 23,184, erasing war‑era losses.
Oil prices rose, Brent to $98.26 and WTI to $97.94 per barrel, after Trump announced a Strait of Hormuz blockade.
U.S. consumer inflation accelerated in March due to gasoline costs, lowering market expectations for a Fed rate cut to 27% probability in December.
Goldman Sachs posted a 19% Q1 profit rise, yet its stock slipped 1.9% on weak fixed‑income results as other banks prepare earnings.