Logo
All Publications
Subscribe
Search
Log In
  • Home
  • Posts
  • Oil Jumped Back Above $100. Stocks Stalled.

Oil Jumped Back Above $100. Stocks Stalled.

Energy moved fast again while stocks paused and yields stayed firm.

Brian Tancock
Brian Tancock

Apr 17, 2026

•

2 min read

Your browser does not support the audio element.

U.S. markets enter Friday, April 10, 2026, with the backdrop set by the Thursday, April 9 close.

Stocks held near recent highs but did not move higher. Oil surged back toward the $100 level. Yields stayed firm. The dollar softened slightly. Gold stayed quiet.

The S&P 500 closed near 6,780.
The Dow closed near 47,750.
The Nasdaq closed near 22,650.
The Russell 2000 held near 2,620.

The market paused after a strong prior session. The main change came from energy and macro data.

Executive Order 14024 Is Paving The Way For The Dollar's Collapse
(Here's How to Prepare)

What if we told you Washington just fast-tracked the collapse of the U.S. dollar?

Sounds extreme, but that's exactly what Executive Order 14024 is doing.
Billionaires like Elon Musk are already sounding the alarm:
"This is making countries want to abandon the dollar."

And the warning signs are all around us:

  • Four major countries have already ditched the dollar for trade.

  • Inflation is eating away at your savings.

  • The world is moving toward a new global currency.

What happens when Washington can't print money endlessly?
They'll come for your savings.

We've put together a FREE Wealth Defense Guide that reveals 3 urgent steps to keep your money safe from government overreach.

Click here to claim your free guide before it's too late »

Because once the dollar crashes… there's no undoing the damage.

Equity Markets

The session was mostly flat.

The S&P 500 finished near 0.0% to -0.1%.
The Dow slipped about -0.2% to -0.3%.
The Nasdaq held slightly better, near flat to +0.1%.

Small caps were also quiet. The key point is simple. Stocks held their levels. They did not extend higher. That shows stability. But not expansion.

Fixed Income

Yields stayed firm. The 10-year Treasury yield held near 4.29%–4.32%. The 2-year yield stayed near 3.75%–3.80%. There was no meaningful drop. That matters because lower yields would ease pressure. That did not happen.

Financial conditions stayed tight.

Currency Markets

The dollar softened slightly. The U.S. Dollar Index held near 98.8–99.2. That is a small move down from recent highs near 100. But not a major shift. The dollar is still firm overall.

Commodities

Oil was the main move again. WTI crude jumped back to around $100–$102. Brent crude moved near $99–$101. That is a sharp move higher after the prior drop. Oil remains the loudest signal in the market. Gold did not follow. Gold held near $2,320–$2,350. That tells you this is not a full defensive shift. It is still more about costs than fear.

Macro Backdrop

Thursday brought several key data points. Initial jobless claims came in near 219,000. That is slightly higher than recent weeks. GDP (final Q4) was revised to about 0.5% growth. That shows slower momentum. PCE inflation (February) rose 0.4% month over month. Headline PCE held near 2.8% year over year. Core PCE held near 3.0% year over year. The signal is mixed. Growth is softer. Inflation is still present. The next key release is March CPI, due Friday morning.

Entering Today's Open

Key reference levels:

  • S&P 500: ~6,780

  • Dow Jones: ~47,750

  • Nasdaq: ~22,650

  • Russell 2000: ~2,620

  • 10-Year Yield: ~4.29%–4.32%

  • 2-Year Yield: ~3.75%–3.80%

  • U.S. Dollar Index: ~98.8–99.2

  • WTI Crude: ~$100–$102

  • Brent Crude: ~$99–$101

  • Gold: ~$2,320–$2,350

  • Initial Jobless Claims: ~219,000

  • Q4 GDP: ~0.5%

  • Headline PCE: ~2.8% y/y

  • Core PCE: ~3.0% y/y

  • CPI Release: 8:30 a.m. ET

Markets enter Friday with a clear setup. Stocks paused. Oil moved higher again. Rates stayed firm. The next move now depends on one number. Inflation.

Read More from Metrics Daily


Privacy Policy
Terms of Use