{"id":60845,"date":"2026-04-13T10:07:25","date_gmt":"2026-04-13T14:07:25","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/mixed-opening-as-energy-prices-surge-and-bank-earnings-season-commences\/60845\/"},"modified":"2026-04-13T10:07:25","modified_gmt":"2026-04-13T14:07:25","slug":"mixed-opening-as-energy-prices-surge-and-bank-earnings-season-commences","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/mixed-opening-as-energy-prices-surge-and-bank-earnings-season-commences\/60845\/","title":{"rendered":"Mixed Opening as Energy Prices Surge and Bank Earnings Season Commences"},"content":{"rendered":"<h2>Market Indexes Show Divergent Start<\/h2>\n<p>The U.S. stock market opened with a mixed performance on Monday, April 13th, 2026, as investors balanced a massive spike in energy prices against the unofficial kickoff of the first-quarter earnings season. As the opening bell rang and initial trades settled, the major indexes showed a clear divide between old-economy blue chips and tech-heavy growth stocks.<\/p>\n<p>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>) faced immediate pressure, dropping 238.59 points, or 0.50%, to trade at 47,677.98. This decline was largely attributed to cautious sentiment surrounding industrial and financial heavyweights. In contrast, the NASDAQ (<a href=\"\/stock\/%5EIXIC\">^IXIC<\/a>) managed to find footing in positive territory, gaining 57.17 points, or 0.25%, to reach 22,960.07. The broader <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/%5EGSPC\">^GSPC<\/a>) remained nearly flat, edging up just 0.68 points to 6,817.57, reflecting a tug-of-war between surging energy stocks and a retreating financial sector. Meanwhile, the small-cap Russell 2000 (<a href=\"\/stock\/%5ERUT\">^RUT<\/a>) saw a marginal decline of 0.03%, trading at 2,629.72.<\/p>\n<p>Market volatility is on the rise, with the VIX (<a href=\"\/stock\/%5EVIX\">^VIX<\/a>) jumping 3.49% to 20.17, indicating growing nervousness among traders. This unease is mirrored in the commodities market, where Crude Oil Futures (<a href=\"\/stock\/CL=F\">CL=F<\/a>) surged a staggering 5.38% to $101.77 per barrel.<\/p>\n<h2>Energy Surges While Crypto and Metals Retrace<\/h2>\n<p>The spike in oil prices has sent the energy sector into a frenzy. The United States Oil Fund (<a href=\"\/stock\/USO\">USO<\/a>) is leading the charge with a 6.59% gain, while the broader Energy Select Sector SPDR Fund (<a href=\"\/stock\/XLE\">XLE<\/a>) rose 1.23%. This move comes despite technical indicators suggesting a &quot;bearish squeeze breakout,&quot; as supply concerns appear to be the primary driver of today&#39;s price action.<\/p>\n<p>On the flip side, speculative assets and safe-haven metals are underperforming. The iShares Bitcoin Trust (<a href=\"\/stock\/IBIT\">IBIT<\/a>) and the iShares Ethereum Trust (<a href=\"\/stock\/ETHA\">ETHA<\/a>) both tumbled 3.14%, reflecting a &quot;risk-off&quot; sentiment in the digital asset space. Similarly, <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">silver<\/a> prices took a hit, with the iShares Silver Trust (<a href=\"\/stock\/SLV\">SLV<\/a>) falling 2.98%.<\/p>\n<h2>Earnings Season and Economic Outlook<\/h2>\n<p>Today marks a critical juncture for the markets as big banks begin reporting their Q1 2026 results. Goldman Sachs Group Inc. (The) (<a href=\"\/stock\/GS\">GS<\/a>) reported its earnings before the opening bell, with an estimated EPS of $16.34. The financial giant\u2019s performance is often viewed as a bellwether for the broader investment banking environment. Fastenal Company (<a href=\"\/stock\/FAST\">FAST<\/a>) also released results this morning, providing insight into the health of the industrial supply chain.<\/p>\n<p>Looking ahead, the calendar is packed with market-moving events. Tomorrow, Tuesday, April 14th, will see a wave of major financial institutions reporting, including JPMorgan Chase &amp; Co. (<a href=\"\/stock\/JPM\">JPM<\/a>), Wells Fargo &amp; Company (<a href=\"\/stock\/WFC\">WFC<\/a>), and Citigroup Inc. (<a href=\"\/stock\/C\">C<\/a>). Additionally, healthcare giant Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>) is scheduled to report, which will offer a glimpse into consumer health spending. Later in the week, tech investors will be laser-focused on results from Taiwan Semiconductor Manufacturing Company Ltd. (<a href=\"\/stock\/TSM\">TSM<\/a>) and Netflix Inc. (<a href=\"\/stock\/NFLX\">NFLX<\/a>).<\/p>\n<h2>Major Stock Developments<\/h2>\n<p>In individual stock news, Sky Quarry Inc. (<a href=\"\/stock\/SKYQ\">SKYQ<\/a>) became a standout performer in early trading, skyrocketing 120.2% on massive volume. Cocrystal Pharma Inc. (<a href=\"\/stock\/COCP\">COCP<\/a>) also saw significant interest, climbing 66.7%. Conversely, Lipocine Inc. (<a href=\"\/stock\/LPCN\">LPCN<\/a>) plummeted 77.5%, leading the morning&#39;s losers.<\/p>\n<p>The &quot;Magnificent Seven&quot; stocks are seeing varied movement as the Nasdaq attempts to hold its gains. Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>), Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>), and Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) are being closely watched for their ability to sustain the tech rally amidst rising Treasury yields, with the 30-Year Treasury (<a href=\"\/stock\/%5ETYX\">^TYX<\/a>) currently hovering near 4.90%. Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) and Alphabet (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) are also in focus as investors weigh the impact of higher energy costs on consumer discretionary spending and digital advertising budgets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Indexes Show Divergent Start The U.S. stock market opened with a mixed performance on Monday, April 13th, 2026, as 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