April 27, 2026
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4:39Now PlayingRobert Teeter, Chief Investment Strategist at Silvercrest Asset Management, discusses the markets as a record-breaking rally in stocks takes a breather.
A record-breaking rally in stocks took a breather as oil climbed after efforts to resume peace talks over the Iran war stalled, with traders bracing for a raft of megacap earnings and central bank decisions.
Following an advance that put the S&P 500 on pace for its best month since the depths of the pandemic, the gauge wavered. Brent crude topped $107.
The US and Iran failed to kick off a second round of peace talks this weekend despite a last-minute push by Pakistan, delivering a blow to Islamabad’s efforts to broker a settlement to end the two-month-old war.
Iranian Foreign Minister Abbas Araghchi told Russian President Vladimir Putin that bilateral relations reflect a strategic partnership and will continue to be strengthened, according to state-run Nour News.
Without much clarity on the geopolitical front, equity traders geared up for results from a handful of the world’s biggest technology companies.
Alphabet Inc., Microsoft Corp., Amazon.com Inc. and Meta Platforms Inc. are set to report Wednesday, followed by Apple Inc. a day later. Those firms are worth nearly $16 trillion combined, representing a quarter of the S&P’s market capitalization.
Meantime, the Federal Reserve, European Central Bank and peers in Japan, the UK and Canada are all scheduled to set interest rates this week, together deciding monetary policy for about half the world’s economy.
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