{"id":60857,"date":"2026-04-13T16:07:22","date_gmt":"2026-04-13T20:07:22","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-energy-sectors-propel-markets-higher-as-bank-earnings-season-begins\/60857\/"},"modified":"2026-04-13T16:07:22","modified_gmt":"2026-04-13T20:07:22","slug":"tech-and-energy-sectors-propel-markets-higher-as-bank-earnings-season-begins","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-energy-sectors-propel-markets-higher-as-bank-earnings-season-begins\/60857\/","title":{"rendered":"Tech and Energy Sectors Propel Markets Higher as Bank Earnings Season Begins"},"content":{"rendered":"<p>United States equity markets closed higher on Monday, April 13th, 2026, as investors kicked off a pivotal week dominated by the start of the first-quarter earnings season. A combination of robust performance in the technology sector and a surge in energy prices provided a dual tailwind for the major averages, while a decline in the CBOE Volatility Index (^VIX) suggested a growing appetite for risk among market participants.<\/p>\n<h2>Major Market Indexes Performance<\/h2>\n<p>The tech-heavy NASDAQ (<a href=\"\/stock\/%5EIXIC\">^IXIC<\/a>) led the day&#39;s gains, climbing 280.84 points, or 1.23%, to finish at 23,183.74. This move was supported by a broader recovery in high-growth names and a favorable technical setup in several sub-sectors. The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/%5EGSPC\">^GSPC<\/a>) also saw significant strength, rising 69.35 points, or 1.02%, to close at 6,886.24. Meanwhile, 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>) added 301.68 points, or 0.63%, ending the session at 48,218.25.<\/p>\n<p>Small-cap stocks outpaced the blue-chip Dow, with the Russell 2000 (<a href=\"\/stock\/%5ERUT\">^RUT<\/a>) jumping 1.21% to 2,668.22. In the fixed-income market, the 30-Year Treasury Yield (<a href=\"\/stock\/%5ETYX\">^TYX<\/a>) eased slightly to 4.90%, providing some relief to equity valuations. The &quot;fear gauge,&quot; or VIX, dropped 2.62% to 18.98, indicating that traders are becoming more comfortable with current market levels despite the heavy economic calendar ahead.<\/p>\n<h2>Sector Highlights and Corporate News<\/h2>\n<p>Energy and healthcare were the standout performers of the day. The United States Oil Fund (<a href=\"\/stock\/USO\">USO<\/a>) surged 3.72% as Crude Oil Futures (<a href=\"\/stock\/CL=F\">CL=F<\/a>) climbed 1.39% to settle at $97.91 per barrel. This rally in energy was mirrored by the Genomics sector, with the ARK Genomic Revolution ETF (<a href=\"\/stock\/ARKG\">ARKG<\/a>) soaring 4.31% amid a flurry of bullish technical signals and divergence patterns.<\/p>\n<p>In corporate news, the spotlight was firmly on the financial sector. Goldman Sachs Group Inc. (<a href=\"\/stock\/GS\">GS<\/a>) reported its Q1 2026 earnings before the opening bell, setting a positive tone for the banking industry. Fastenal Company (<a href=\"\/stock\/FAST\">FAST<\/a>) also released its results early Monday, contributing to the industrial sector&#39;s narrative. After the closing bell, attention shifted to FB Financial Corporation (<a href=\"\/stock\/FBK\">FBK<\/a>), which was the primary reporter in the post-market session.<\/p>\n<p>Among individual movers, Sky Quarry Inc. (<a href=\"\/stock\/SKYQ\">SKYQ<\/a>) experienced a massive breakout, with its stock price skyrocketing 120.2% on high volume. Cocrystal Pharma Inc. (<a href=\"\/stock\/COCP\">COCP<\/a>) also saw significant interest, gaining 66.7%. Conversely, Lipocine Inc. (<a href=\"\/stock\/LPCN\">LPCN<\/a>) faced heavy selling pressure, tumbling 77.5%.<\/p>\n<p>While technology and energy thrived, defensive sectors lagged. Utilities (<a href=\"\/stock\/XLU\">XLU<\/a>) fell 1.65%, and Consumer Staples (<a href=\"\/stock\/XLP\">XLP<\/a>) dropped 1.17%, as investors rotated out of &quot;safe-haven&quot; stocks and into growth-oriented assets.<\/p>\n<h2>Upcoming Market Events<\/h2>\n<p>The remainder of the week is packed with high-stakes earnings reports that will likely dictate the market&#39;s direction through the end of April. Tuesday morning is particularly critical for the financial sector, with heavyweights JPMorgan Chase &amp; Co. (<a href=\"\/stock\/JPM\">JPM<\/a>), Wells Fargo &amp; Company (<a href=\"\/stock\/WFC\">WFC<\/a>), Citigroup Inc. (<a href=\"\/stock\/C\">C<\/a>), and BlackRock Inc. (<a href=\"\/stock\/BLK\">BLK<\/a>) all scheduled to report before the open. Additionally, healthcare giant Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>) will provide insights into the pharmaceutical landscape.<\/p>\n<p>Later in the week, investors will be watching for results from ASML Holding N.V. (<a href=\"\/stock\/ASML\">ASML<\/a>) and Bank of America Corporation (<a href=\"\/stock\/BAC\">BAC<\/a>) on Wednesday. Thursday will bring a massive wave of reports, including Taiwan Semiconductor Manufacturing Company Ltd. (<a href=\"\/stock\/TSM\">TSM<\/a>), PepsiCo Inc. (<a href=\"\/stock\/PEP\">PEP<\/a>), and the highly anticipated streaming data from Netflix Inc. (<a href=\"\/stock\/NFLX\">NFLX<\/a>) after the close.<\/p>\n<p>Market participants remain focused on whether these corporate giants can justify current valuations amid a backdrop of persistent inflation and high interest rates. Any commentary from management regarding the Federal Reserve&#39;s future policy path or consumer spending trends will be scrutinized closely.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>United States equity markets closed higher on Monday, April 13th, 2026, as investors kicked off a pivotal week dominated by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94,6824],"tags":[174,297,3710,4380],"class_list":["post-60857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","category-featured","tag-jpm","tag-gs","tag-federal-reserve","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/60857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=60857"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/60857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=60857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=60857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=60857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}