Winners and Losers of Another Wild Week on Wall Street

Despite a persistent geopolitical overhang in the Middle East and stubborn oil prices, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are in the middle of impressive win streaks. The big story of the first full week of April was the Wednesday surge after a two-week ceasefire agreement between the U.S. and Iran, which proved resilient in the face of middling inflation data. The return of risk-on sentiment and the reclaiming of key levels has investors encouraged heading into earnings season.

Tracing the Impacts of the Ceasefire

The ceasefire news on Wednesday triggered seismic reactions throughout all corners of Wall Street. Airline stocks soared, as did copper miner Freeport-McMoRan (FCX). Tech ETF Invesco QQQ (QQQ) reclaimed a key trendline along with Bitcoin (BTC) adjacent Cipher Mining (CIFR).

Chemical stocks weren’t as lucky, while one analyst cited the macroeconomic backdrop as a headwind for Carvana (CVNA).

Lesser-Known Tech Stocks Stealing the Show

What made tech so interesting this week were the lesser-known names making moves. AI component and memory stocks were steady winners. In the data center world, Broadcom (AVGO) and CoreWeave (CRWV) are wheeling and dealing, with the viability of hyperscalers stocks dependent on the ceasefire’s lasting power.

Gearing Up For Another Earnings Season

In case you missed it, we graded out our Top Stock Picks of 2026 for the first quarter, and profiled the report's big winner DigitalOcean (DOCN). Heading into earnings season, remember these yard markers outlined by Senior V.P. of Research Todd Salamone, and keep in mind this correction level broken down by Senior Quantitative Analyst Rocky White.