News Bulletin
Friday, April 10, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Friday, April 10, 2026
8:30	CPI (MoM) (Mar)	0.90%	1.00%	0.30%
8:30	Core CPI (MoM) (Mar)	0.20%	0.30%	0.20%
8:30	CPI (YoY) (Mar)	3.30%	3.40%	2.40%
13:00	U.S. Baker Hughes Oil Rig Count	411.00		411.00
13:00	U.S. Baker Hughes Total Rig Count	545.00		548.00

Indices

	CLOSE	50 DMA	200 DMA
DJIA	47,916.33	47,998.55	46,841.93
NASDAQ	22,902.89	22,501.36	22,411.12
S&P 500	6,816.79	6,754.25	6,665.07

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

Market News:

U.S. stocks ended mixed on Friday, as caution over a fragile ceasefire in the Middle East was offset by a key inflation report that was not as bad as feared.

For the week, however, it was another solid performance as markets continue to recover from March’s war-driven decline.

The benchmark S&P 500 index slipped 0.1% to close at 6,816.11 points, while the tech-heavy NASDAQ Composite added 0.4% to settle at 22,902.89 points. The blue-chip Dow Jones Industrial Average slipped 0.6% to conclude at 47,916.33 points.

The S&P 500 surged 3.5% for the week, the Nasdaq soared 4.7%, and the Dow climbed 3%. It was the best week for the indexes since November 2025.

Biggest jump in monthly energy prices since Sept 2005

While the Middle East conflict continued to dominate headlines, the March CPI report also grabbed a chunk of attention.

According to the U.S. Bureau of Labor Statistics, headline CPI ticked up 0.9% M/M, in-line with the consensus. On a Y/Y basis, headline CPI rose 3.3%, lower than the expected rise of 3.4%.

As expected, the headline figures reflected a massive surge in energy-related prices, with that index jumping 10.9% M/M, the biggest increase since September 2005. The index for gasoline prices soared 21.2% M/M. The national average retail gasoline price has broken above $4 a gallon for the first time in over three years.

But core CPI, which strips out energy and food, was not as bad as feared. The core index gained 0.2% M/M, lower than the consensus of 0.3%. It rose 2.6% Y/Y, below the anticipated figure of 2.7%.

"This cooler core CPI print relief for markets may prove be short-lived," Jake Dollarhide, CEO of Longbow Asset Management, noted.

"Ongoing inflationary worries about oil and food as well as things like airline fares and used car prices along with the tenuous cease-fire in the Middle East will quickly put this morning’s data in the rearview mirror as investors look worrisome ahead," he told Investing.com.

Jamie Cox, managing partner at Harris Financial, also had some words of caution.

"March core CPI doesn’t yet reflect the reality of the oil supply shock, where the effect on real wage growth will bear the full brunt in April. While I’m glad to see the effects to be less than expected in March, the effects in April are now more likely to be worse," Cox said.

The Fed’s preferred gauge, the personal consumption expenditures (PCE) price index, was already running hot before the war, data showed on Thursday.

Also on Friday’s economic calendar, the University of Michigan’s monthly survey showed U.S. consumer sentiment plunging 11% in April to 47.6, well below the consensus estimate.

"Open ended comments show that many consumers blame the Iran conflict for unfavorable changes to the economy," the university said.

Year-ahead inflation expectations jumped to 4.8% in April from 3.8% in March, the largest one-month increase since April 2025.

Ceasefire bolstered after Israel, Lebanon agree to negotiate

Wall Street caught a bid in the previous session, buoyed by comments from Israeli Prime Minister Benjamin Netanyahu that he had ordered his government to begin talks with Lebanon. Despite the announcement of a temporary U.S.-Iran ceasefire earlier this week, Israel has continued to hit Iran-aligned Hezbollah targets in Lebanon, including on Friday morning.

Iranian officials have appeared to suggest that should Israel, which launched its joint campaign with the U.S. on Tehran in late February, carry on with its strikes on Hezbollah, potential weekend talks on a protracted peace agreement with Washington may be imperiled. There has also been disagreement between the U.S. and Iran over whether Lebanon was a part of their two-week ceasefire deal forged this week.

President Donald Trump on Friday told the New York Post that he had warned Iran that U.S. warships were being reloaded with “the best ammunition” to resume strikes if peace talks in Pakistan failed.

“We’re going to find out in about 24 hours. We’re going to know soon,” Trump told the New York Post.

Hormuz disruptions persist

Tanker traffic through the Strait of Hormuz is still near a virtual standstill, with Reuters reporting that shipping through the narrow waterway off of Iran’s southern coast was well below 10% of normal volumes on Thursday despite the ceasefire. Iran, whose chokehold on the strait has threatened the flow of around a fifth of the world’s oil, has told vessels that they must keep to its territorial waters while making any sailings.

Trump praises Palantir, CoreWeave surges

Turning to stock movers, shares of CoreWeave (NASDAQ:CRWV) ended nearly 11% higher after Anthropic agreed to rent data center capacity from the company as part of efforts to handle increasing demand for its artificial intelligence services.

Palantir Technologies (NASDAQ:PLTR) garnered some attention on Friday after Trump mentioned the company in a social media post.

"Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment. Just ask our enemies!!!" the president said. The endorsement came even as Palantir stock has slumped 13.7% this week amid concerns about competitive threats from Anthropic.

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