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2026.04.2116:05:38UTC+00US Stocks Swing Lower

US equity indices retreated on Tuesday, extending last week’s pullback from record highs as rising energy prices stoked concerns about economic growth. The S&P 500, Dow, and Nasdaq 100 all traded slightly lower after the S&P 500 and Nasdaq 100 notched fresh intraday records earlier in the session. Energy prices climbed further as markets weighed the risk of a prolonged suspension of oil exports through the Strait of Hormuz ahead of the expiration of the current ceasefire, pressuring risk assets.

Equities also came under strain as Treasury yields advanced, driven by a stronger-than-expected increase in private payrolls in the ADP report and firmer core retail sales. Among mega-cap names, Apple fell more than 2% after announcing that hardware chief John Ternus will succeed Tim Cook as CEO in December. Tesla slipped 1% ahead of its earnings release tomorrow, while Nvidia declined more than 1%. In contrast, Amazon gained about 2% after committing over $20 billion in investment to Anthropic, and UnitedHealth surged more than 9% following a robust earnings report.

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