On Wall Street, technology stocks continued to support the market despite pressures related to geopolitical tensions and oil price volatility.
According to international news agencies such as Reuters, AP, and Investopedia, the market opened lower after the failed negotiations between the United States and Iran last weekend, raising concerns about disruptions to global oil supplies. This immediately caused crude oil prices to soar, surpassing $100 per barrel, fueling fears of inflation and energy cost increases.
However, contrary to initial fears, the major indices gradually recovered during the session. At the close, the S&P 500 rose by 1%, returning to pre-American-Israeli attacks against Iran at the end of February, just 1.3% below its all-time high earlier in the year. The Dow Jones gained 301 points, or 0.6%, and the Nasdaq Composite increased by 1.2%, driven by technology stocks.
This trend suggests that the market has maintained relative stability despite ongoing geopolitical risks. Investors seem to be betting on a scenario where the conflict will not escalate into a major economic crisis, while anticipating that negotiation channels will remain open.
One factor contributing to easing tensions in the markets was the decline in oil prices during the session, after a significant increase earlier in the day. While Brent remained around $100 per barrel, this level was much lower than the peak of nearly $119 reached during the height of tensions. This decline helped alleviate pressure on investor sentiment.
However, the risk of oil supply disruptions remains. The Strait of Hormuz, through which about 20% of global oil production passes, remains a major point of tension, with Iran threatening to tighten restrictions on maritime activities. Prolonged blockade could lead to further energy price hikes, putting pressure on inflation and the monetary policy of the Federal Reserve.
In this context, technology stocks continued to play a crucial support role in the market. AI and software companies recorded positive gains, contributing to the upward trend of the Nasdaq. This sector continued to attract significant capital flows, thanks to long-term growth prospects.
Many individual stocks experienced notable fluctuations. Oracle surged by 12.7%, rebounding strongly after a period of sharp declines due to concerns about AI investment costs. ServiceNow rose by 7.3% and AppLovin by 6.7%, indicating a recovery trend in the software technology sector.
Notably, Sandisk’s stock jumped by 11.8% following its integration into the Nasdaq 100 index, attracting capital from major ETFs. In contrast, Goldman Sachs’ stock fell by about 1.9 to 2% despite higher-than-expected results, as trading revenues were below market forecasts.
In addition to the technology sector, the first quarter 2026 earnings season is also garnering attention. Goldman Sachs is among the first major banks to report, paving the way for a series of financial institutions like JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo scheduled to report this week.
According to LSEG data, S&P 500 company profits in the first quarter are expected to increase by over 14% year-on-year, indicating that the fundamentals of American companies remain relatively strong despite volatile macroeconomic conditions.
However, pressure from oil prices and geopolitics persists. Sectors sensitive to fuel costs, such as aviation and tourism, have had less favorable performances, showing clear divergence in the market.
Overall, the stock session on April 13 reflected Wall Street’s dilemma: geopolitical risks and inflation on one hand, and expectations of profit and economic resilience growth on the other.
Large institutions like BlackRock and Morgan Stanley maintain positive outlooks on US stocks, believing recent fluctuations are primarily technical. However, in the short term, the market is expected to remain highly volatile, depending on developments in the Middle East and corporate results.
In the long term, capital is likely to continue flowing into growth sectors, especially technology and AI, which are expected to drive the next cycle of growth in the American stock market.
Source: https://thoibaonganhang.vn/pho-wall-giang-co-cong-nghe-nang-do-thi-truong-180465.html
