By William Collins, consultant in stock markets – Eurasia Business News, April 27, 2026. Article no 2092
Nasdaq 100 and S&P 500 indices reached record highs today amid resilient investor sentiment. Oil prices climbed over 2% as US-Iran peace talks stalled, tightening supply through the Strait of Hormuz. Gold held firm near a resistance level around $4,681 per ounce despite the bullish equity momentum.
Index Performance
The Nasdaq 100 closed at 27,305.68, up slightly by 0.007% with a daily high of 27,315.23. S&P 500 hit a new peak at 7,173.66, gaining 0.12% and marking its year high of 7,178.74.
These gains reflect optimism in tech and broad market sectors even as geopolitical risks linger.
Microsoft (MSFT) shares rose fractionally on Monday as the tech giant and OpenAI (OPENAI) said their partnership has continued to evolve, and OpenAI’s license will become non-exclusive.
Oil Surge Drivers
Brent crude rose nearly 2% to $107.26 per barrel after President Trump canceled US negotiators’ trip to Pakistan for Iran talks. WTI followed at around $95.72, up 1.4%, due to ongoing Strait of Hormuz disruptions blocking 10-13 million barrels daily. Analysts warn of further upside if diplomacy fails.
Gold’s Stance
Spot gold resisted downward pressure near $4,681, buoyed by safe-haven demand amid oil volatility and conflict fears. Earlier tests around $4,800 showed similar resilience before softer inflation data weighed in. It outperformed bonds but trailed surging equities today.
Gold remains trapped in a broad sideways channel and continues to be weighed down by short-term inflation fears, driving hawkish interest rate expectations; however, one international investment firm still expects gold prices to end the year above $5,000 an ounce.
In his latest precious metals report, Lorenzo Portelli, Head of Cross Asset Strategy at Amundi Investment Institute, said that he expects the current energy shock, driven by the ongoing war in Iran, to have only a short-term impact on inflation.
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