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Posted inCompanies, Daily Analysis, Markets, Sector -- Energy, Sector -- Financials, Sector -- Materials, Sector -- Technology

Market close, April 20, 2026: S&P 500 -0.24% to 7,109 as Iran Hormuz blockade drives oil 6% higher

U.S. equities closed mostly lower Monday as geopolitical tensions over the Strait of Hormuz blockade sent WTI crude oil surging 6% to $88.85 per barrel, ending the S&P 500’s five-day winning streak at 7,109.14 and snapping the Nasdaq Composite’s 13-session rally at 24,404.39. The

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