27 April 2026Markets & Economy
Stocks extend rally on Iran peace talk reports
The S&P 500 stayed on track for its fourth straight weekly gain, the longest streak since October 2024, as reports emerged of Trump sending envoys to Pakistan for weekend talks with Iran's foreign minister. US crude dropped to $93 per barrel on reduced tensions, while futures jumped across indices with Dow e-minis up 171 points and Nasdaq 100 e-minis gaining 155 points in pre-market trading. The rally builds on recent record highs despite inflation risks, with Goldman noting 2026-2027 EPS estimates up 4 percent since late January. Bond yields fell after Justice Department closed its probe into Fed Chair Powell, boosting rate cut bets and Kevin Warsh confirmation odds.
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