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US STOCKS-Wall St indexes set for breather after rally as focus shifts to earnings
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US STOCKS-Wall St indexes set for breather after rally as focus shifts to earnings
Apr 15, 2026 6:17 AM

* Futures: Dow up 0.02%, S&P 500 up 0.01%, Nasdaq down

0.1%

* Bank of America ( BAC ), Morgan Stanley ( MS ) gain after results

* Broadcom ( AVGO ) rises 2% after Meta extends chip deal

(Updates before market open)

By Niket Nishant and Utkarsh Hathi

April 15 (Reuters) - Wall Street's main indexes were

poised for a subdued open on Wednesday as investors paused after

a recent rally to take stock of the latest developments in the

Middle East conflict and a fresh batch of corporate earnings.

Equities have found support this week on hopes that

Washington and Tehran could return to the negotiating table to

end the war.

The resilience suggests that war-weary investors are ready

to rotate into risk assets at the slightest indication of a

de-escalation.

"The market is cautiously optimistic that we can get back to

peace with Iran. And thus far, the earnings have been very

good," said Art Hogan, chief market strategist at B. Riley

Wealth.

The benchmark S&P 500 index is nearing its first

intraday record high since the conflict erupted. The S&P 500 and

the tech-heavy Nasdaq have recouped all their losses

since the war began.

New catalysts, however, may be needed to sustain the

momentum in stocks.

"We're going to need more concrete evidence now that the

folks that want to get together and talk about peace are able to

accomplish something before the deadline of this ceasefire,"

Hogan said.

At 08:23 a.m. ET, Dow E-minis were up 12 points,

or 0.02%, S&P 500 E-minis rose 0.5 point, or

0.01%, while Nasdaq 100 E-minis lost 26 points, or 0.1%.

Some analysts have warned that as stocks climb, they could

become more vulnerable to sharp reversals if developments in the

Middle East do not match the optimistic assumptions many are

pricing in.

"U.S. equities appear to be looking through risks still

being priced in commodity markets," BofA Global Research

analysts said.

The International Monetary Fund cut its outlook for global

growth on Tuesday, citing the war-driven energy price spikes,

and warned that an extended conflict could push the world to the

brink of a recession.

BANK RESULTS IN SPOTLIGHT

Another packed day for earnings from financial heavyweights

will be in focus as investors look for signs of how companies

are navigating the impact of the war.

Bank of America ( BAC ) shares rose 1% in premarket trading

after the second-biggest U.S. lender reported growth in its

first-quarter profit.

Wall Street heavyweight Morgan Stanley's ( MS ) shares added

2.5% after it also reported a jump in first-quarter profit.

So far this week, banks have said U.S. consumers are

financially healthy and that pipelines for initial public

offerings and deals should remain robust unless the conflict

drags on for much longer.

Oil prices gained slightly on Wednesday, remaining 31% above

pre-war levels.

Traders will also tune in to the remarks from Federal

Reserve Governor Michael Barr and Fed Vice Chair for Supervision

Michelle ​Bowman later in the day.

Among other stock movers, Nike ( NKE ) rose 2.8% after CEO

Elliott Hill bought additional stock in the company.

Broadcom ( AVGO ) advanced 2% after Meta extended

its custom chips deal with the firm.

Snap's shares rose nearly 7% after the social media

company said it would lay off about 1,000 employees.

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