{"id":61094,"date":"2026-04-20T10:08:14","date_gmt":"2026-04-20T14:08:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/mixed-start-for-wall-street-as-oil-surges-and-volatility-spikes\/61094\/"},"modified":"2026-04-20T10:08:14","modified_gmt":"2026-04-20T14:08:14","slug":"mixed-start-for-wall-street-as-oil-surges-and-volatility-spikes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/mixed-start-for-wall-street-as-oil-surges-and-volatility-spikes\/61094\/","title":{"rendered":"Mixed Start for Wall Street as Oil Surges and Volatility Spikes"},"content":{"rendered":"<h2>Market Indexes Open with Caution<\/h2>\n<p>The U.S. stock market opened the week of Monday, April 20th, 2026, with a cautious and mixed performance as investors grappled with a significant surge in energy prices and a notable jump in market volatility. As the opening bell rang, 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>) managed to remain essentially flat, edging up just 11.42 points or 0.02% to 49,458.85. However, the broader market showed signs of pressure; 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>) slipped by 6.75 points, or 0.09%, to 7,119.31, while the tech-heavy Nasdaq Composite (<a href=\"\/stock\/%5EIXIC\">^IXIC<\/a>) led the decline, falling 61.57 points, or 0.25%, to 24,406.91.<\/p>\n<p>The Russell 2000 (<a href=\"\/stock\/%5ERUT\">^RUT<\/a>) also opened in the red, shedding 0.13% to sit at 2,773.30. Perhaps the most telling indicator of the morning&#39;s sentiment was the CBOE Volatility Index (<a href=\"\/stock\/%5EVIX\">^VIX<\/a>), which spiked 8.58% to 18.98, suggesting that traders are bracing for increased turbulence as a heavy week of corporate earnings and economic data begins.<\/p>\n<h2>Energy Leads as Crude Oil Rallies<\/h2>\n<p>A dominant theme in early trading is the sharp rise in commodity prices. Crude Oil Futures (<a href=\"\/stock\/CL=F\">CL=F<\/a>) surged 4.21% to $86.07 per barrel, a move that immediately rippled through sector performance. The Energy Select Sector SPDR Fund (<a href=\"\/stock\/XLE\">XLE<\/a>) rose 0.71%, while the SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (<a href=\"\/stock\/XOP\">XOP<\/a>) gained 0.96%. The United States Oil Fund (<a href=\"\/stock\/USO\">USO<\/a>) was a standout, climbing 3.24%.<\/p>\n<p>Conversely, the rise in yields and energy costs appeared to weigh on speculative assets. Digital assets saw a pullback, with the iShares Bitcoin Trust (<a href=\"\/stock\/IBIT\">IBIT<\/a>) falling 2.89% and the iShares Ethereum Trust (<a href=\"\/stock\/ETHA\">ETHA<\/a>) dropping 4.99%. Precious metals also faced selling pressure, as <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a> Futures (<a href=\"\/stock\/GC=F\">GC=F<\/a>) declined 0.76%, dragging down the VanEck Gold Miners ETF (<a href=\"\/stock\/GDX\">GDX<\/a>) by 1.29%.<\/p>\n<h2>Corporate News and Premarket Movers<\/h2>\n<p>In individual stock news, Sky Quarry Inc. (<a href=\"\/stock\/SKYQ\">SKYQ<\/a>) witnessed a massive breakout, with shares skyrocketing 120.2% on heavy volume following significant corporate developments. Cocrystal Pharma Inc. (<a href=\"\/stock\/COCP\">COCP<\/a>) also saw strong buying interest, rising 66.7%. On the losing side, Lipocine Inc. (<a href=\"\/stock\/LPCN\">LPCN<\/a>) suffered a major blow, with its stock price cratering 77.5% in early action.<\/p>\n<p>Major technology names are seeing a muted start as the market awaits catalysts later in the week. Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>), Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>), and Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>) are trading with slight downward biases in sympathy with the Nasdaq&#39;s opening dip. Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) is also under watch as it prepares for its highly anticipated earnings report later this week.<\/p>\n<h2>Earnings Season Hits High Gear<\/h2>\n<p>Today marks the beginning of a critical stretch for the Q1 2026 earnings season. Before the market opened, Cleveland-Cliffs Inc. (<a href=\"\/stock\/CLF\">CLF<\/a>) and Bank of Hawaii Corporation (<a href=\"\/stock\/BOH\">BOH<\/a>) released their results, with Cleveland-Cliffs reporting an estimated EPS of -$0.35.<\/p>\n<p>The pace will accelerate after the closing bell today, with reports expected from Steel Dynamics Inc. (<a href=\"\/stock\/STLD\">STLD<\/a>), Alaska Air Group Inc. (<a href=\"\/stock\/ALK\">ALK<\/a>), and Zions Bancorporation N.A. (<a href=\"\/stock\/ZION\">ZION<\/a>). Investors are looking to these reports for guidance on industrial demand and the health of the regional banking sector.<\/p>\n<p>Looking further ahead, Tuesday will feature heavyweights such as GE Aerospace (<a href=\"\/stock\/GE\">GE<\/a>), UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>), and RTX Corporation (<a href=\"\/stock\/RTX\">RTX<\/a>). The centerpiece of the week remains Wednesday&#39;s after-hours report from Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>), which is expected to provide clarity on the electric vehicle market&#39;s trajectory for the remainder of 2026. With the 30-Year Treasury yield (<a href=\"\/stock\/%5ETYX\">^TYX<\/a>) hovering near 4.88%, the market remains sensitive to any signals regarding the Federal Reserve&#39;s long-term interest rate path.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Indexes Open with Caution The U.S. stock market opened the week of Monday, April 20th, 2026, with a cautious [&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 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