Your Evening Briefing

April 16, 2026

The S&P 500, Nasdaq 100, and Russell 2000 set new record closing highs

Stocks initially rallied on news of a 10-day ceasefire between Israel and Lebanon, but then pared gains on reports from Gulf and European officials that the US-Iran deal would take six months to finalize. Ultimately, the S&P 500 and Nasdaq 100 ended the day higher, cinching their second-consecutive record closing highs. The Russell 2000 also notched a new closing high, its first since January. Today was the fifth-straight session of gains for the S&P 500, and the 12-straight winning session for the Nasdaq 100.

Energy was the best-performing sector as oil prices rose, while healthcare was the worst performer.

Stocks that moved higher:

Hims & Hers jumped after Health Secretary Robert F. Kennedy Jr. said that the FDA may ease restrictions on 12 peptides.
Following Allbirds’ lead, social media company Myseum soared after pivoting to AI.
Voyager Technologies climbed after being selected by NASA for its International Space Station mission.
Frontier climbed following reports that rival discount carrier Spirit Airlines could liquidate as soon as this week.
Oracle continued to rise, putting it on track for its best weekly gain since June of 1999.

Stocks that moved lower:

Despite boosting its 2026 sales outlook and touting “extremely robust” AI demand, TSMC dipped after reporting Q1 earnings this morning.
Flutter Entertainment ticked down after Citi double downgraded the stock to "sell” with a new price target of $92 (from $212).

15 months after crippling quantum computing stocks, Nvidia has sent the industry back into the stratosphere

Of course, "AI is essential to making quantum computing practical," Nvidia CEO Jensen Huang added. Read more.

Investors are piling into “heavy assets, low obsolescence” stocks they hope can’t be clobbered by AI

Ritholtz’s Josh Brown says so-called HALO stocks are “the trade of the year,” as Wall Street keeps bidding up stocks that it thinks AI won’t disrupt.

Read more.

Tesla sold about one in five Cybertrucks registered in the US in the fourth quarter to Musk’s other ventures, according to Bloomberg, citing data from S&P Global Mobility. The lion’s share went to SpaceX, which accounted for 1,279 of the 7,071 total registrations, while another 60 went to xAI (now part of SpaceX), Neuralink, and The Boring Company. Read more.

Anthropic releases Claude Opus 4.7, with better coding, better vision, and occasional doom loops
The incremental update of Anthropic’s most capable public model includes steady improvements to coding and new ways to blow past your token budget.
Allbirds traded more than JPMorgan and Exxon Mobil yesterday
Yesterday, some $3.8 billion changed hands in BIRD — with the company’s market cap ending the session at a still small $148 million.
Report: Google ditches its objection to defense work, pitches Gemini to Pentagon
Google had avoided using its tech for military applications since employee protests in 2018. The Information reports that the company is hard at work rebuilding its relationship with the Pentagon to secure defense work.
Anthropic has surged past OpenAI in capturing business spending on generative AI software
OpenAI remains a close second but is losing ground.
TSMC CEO on Tesla and Intel’s Terafab: “There are no shortcuts”
Elon Musk is hoping to move at “light speed,” but CC Wei thinks it will take a bit longer.

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