Wall Street Rises Slightly, Strong Economic Data Limits Rally Amid Iran Risks
US stocks tended to strengthen on Tuesday (April 21), although caution remained overshadowed ahead of the end of the Iran ceasefire tomorrow. The S&P 500 edged higher, the Dow Jones Industrial Average gained 0.5%, while the Nasdaq 100 remained relatively flat, with the index remaining near the record level touched last week.
Sentiment was supported by a strong earnings season, but geopolitical uncertainty kept risk appetite in check, particularly in more speculative sectors. President Donald Trump reiterated his threat not to extend the ceasefire, as the suspension of energy exports from the region continued, keeping the market's risk premium high.
On the macro front, the index briefly pared gains and bond yields rose after core retail sales and ADP employment both came in stronger than expected, bolstering signals of US economic resilience. The combination of solid data and rising yields helped limit upside for some risk assets.
In individual stocks, Amazon rose more than 1% after announcing plans to invest more than US$20 billion in Anthropic. UnitedHealth jumped more than 9% after posting strong results that supported the Dow, while GE Aerospace edged lower after its earnings call. Apple fell slightly after announcing John Ternus (hardware specialist) as its new CEO, who will replace Tim Cook in December. (gn)
Source: Newsmaker.id
