April 16, 2026

The Nasdaq and S&P 500 stock indices continued to rise, hitting new all-time highs

International

The main US stock indexes showed mixed results yesterday. The Nasdaq rose 1.6%, followed by the S&P 500 with a 0.8% gain, both reaching new all-time highs. Meanwhile, the Dow Jones slipped slightly, losing 0.1% on the day. With these performances, the indexes have accumulated gains of 3.3%, 2.6%, and 0.8%, respectively, so far this year.

Meanwhile, US Treasury yields broadened slightly across the curve yesterday. The yield on the 1-year Treasury note increased from 3.67% to 3.69%, the 3-year yield rose to 3.77% from 3.75%, and the 10-year yield closed at 4.28%, up from 4.25% on Tuesday.

With the first-quarter earnings season underway, Taiwan Semiconductor reported earnings per share (EPS) of $3.49 and revenue of $35.9 billion, both figures exceeding expectations. This trend was mirrored by Bank of New York and PepsiCo, in contrast to Progressive, which reported higher-than-expected revenue but fell short of EPS estimates.

In the Eurozone, the final Consumer Price Index (CPI) data for March was released, showing a monthly increase of 1.3% and a year-on-year increase of 2.6%, surpassing analysts' consensus projections and accelerating compared to February due to rising energy prices. The core CPI, which excludes food and energy, rose 0.8% month-on-month and 2.3% year-on-year, in line with expectations.

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