US STOCKS-Wall St jumps on Mideast de-escalation hopes; earnings in focus

Globalstar

14/04/2026 15:17

Indexes up: Dow 0.47%, S&P 500 0.47%, Nasdaq 0.84%

BlackRock gains after profit rises

Wells Fargo falls after results, Citi touches highest since 2008

United, American Airlines climb after merger pitch

Updates after markets open

By Niket Nishant and Avinash  P

April 14 (Reuters) - Wall Street's main indexes advanced on Tuesday after reports of fresh efforts to ease the Middle East conflict boosted sentiment, while traders also assessed earnings from big banks and corporates.

Delegations from the U.S. and Iran could resume talks in Pakistan to end the war this week, sources told Reuters. U.S. President Donald Trump also said that Iran wanted to make a deal.

The market has been sensitive to developments in the region, with even tentative signs of an off-ramp sufficient to encourage investors eager for positive news.

At 09:41 a.m. ET, the Dow Jones Industrial Average .DJI rose 227.05 points, or 0.47%, to 48,445.30, the S&P 500 .SPX gained 32.09 points, or 0.47%, to 6,918.33 and the Nasdaq Composite .IXIC gained 194.70 points, or 0.84%, to 23,378.44.

"Investors seem to be buying into the notion that it may take a while, but there is an off-ramp in the future to this war," said Art Hogan, chief ​market strategist at B Riley Wealth.

The S&P 500 .SPX was on track to recoup all its losses since the start of the war, while the Nasdaq 100 .NDX was set for a 10-day winning streak, its longest since 2021.

Commentary from several Federal Reserve policymakers will be closely watched through the day for insight into how the central bank is assessing the impact of the U.S.-Iran war.

The International Monetary Fund cut its economic growth outlook on Tuesday.

FOCUS ON EARNINGS FOR DIRECTION

A busy slate of quarterly earnings is also expected to guide the market.

"The earnings season will help investors shift their focus from the macro to the micro," Hogan said.

BlackRock BLK.N gained 4.2% after the asset manager reported a rise in first-quarter profit, helped by strong inflows into its exchange-traded funds and a sharp increase in performance fees.

JPMorgan JPM.N edged up 0.1% following its first-quarter results, while Wells Fargo WFC.N declined 5% after interest income fell short of market expectations in the first quarter.

Citigroup C.N rose 1.9% to a near two-decade high after beating estimates for first-quarter profit, while Johnson & Johnson JNJ.N was flat after reporting earnings.

The benchmark's financial sector .SPSY edged 0.3% higher, and the consumer discretionary sector .SPLRCD rose 1.8%, leading gains.

Information technology stocks were the biggest boost on all three indexes.

Among other stock movers, United Airlines UAL.O and American Airlines AAL.O rose 1% and 7%, respectively.

United Airlines CEO Scott Kirby pitched a potential merger with American Airlines to Trump in late February, two sources said, raising the prospect of an industry-reshaping deal.

Shares of Globalstar GSAT.O jumped 9% after Amazon.com AMZN.O agreed to an $11.57 billion deal to buy the satellite company.

Tuesday data showed that U.S. producer prices increased less than expected in March, as the cost of services was unchanged.

Advancing issues outnumbered decliners by a 1.94-to-1 ratio on the NYSE and by a 2.32-to-1 ratio on the Nasdaq.

The S&P 500 posted 18 new 52-week highs and no new lows, while the Nasdaq Composite recorded 77 new highs and 12 new lows.

 (Reporting by Niket Nishant and Avinash P in Bengaluru; Editing by Rashmi Aich, Shilpi Majumdar and Shinjini Ganguli)

 ((Niket.Nishant@thomsonreuters.com;))