Stocks Rally on Renewed Hopes for U.S.–Iran Talks Ahead of Ceasefire Deadline
The Canadian Vanguard Stock Market Report – Monday April 13, 2026 Edition.
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The Toronto Market
The Toronto Market Index Today
The Toronto S&P/TSX Composite Index rose 183.48 points, or 0.54%, to close at 33,879.24. The index opened near Friday’s closing level but moved higher and remained positive throughout the session.
The index has now advanced in eight of the past nine sessions. Trading volume increased alongside the gain, a combination that suggests strengthening momentum behind the current move.
Technically, the index is trading well above its 25-day and 50-day moving averages, and remains significantly above its 200-day moving average, reinforcing the strength of the current upward trend.
Monday’s TSX Market Statistics
On the TSX, advancing issues outnumbered declining issues. Specifically, there were 1,406 advancers and 712 decliners, resulting in an advancer-to-decliner ratio of 1.97 to 1—nearly two advancers for every decliner. An additional 160 issues were unchanged.
The exchange recorded 129 new 52-week highs and 23 new 52-week lows, compared with 117 new highs and 24 new lows on Friday.
Total trading volume on the TSX reached 470,291,879 shares, representing a 13% increase from the 416,568,269 shares traded on Friday.
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The US Markets
Monday’s U.S. Market Indexes
Monday’s session was broadly positive, with all major benchmarks closing with solid gains. The Dow Jones Industrial Average advanced 301.68 points, or 0.63%, to close at 48,218.25. The S&P 500 rose 69.35 points, or 1.02%, ending the session at 6,886.24. The Nasdaq Composite climbed 280.84 points, or 1.23%, to finish at 23,183.74, while the Russell 2000 Index gained 39.90 points, or 1.52%, to close at 2,670.49.
The Nasdaq led performance among the large-cap indexes for the third consecutive session. All four indexes opened in negative territory but reversed course early and trended higher throughout the day.
Small-cap stocks outperformed on a percentage basis during the session. All four major indexes—the Dow Jones, Nasdaq, S&P 500, and Russell 2000—are now trading well above their 20-day, 50-day, and 200-day moving averages, a technically encouraging signal for investors.
Monday’s U.S. Market Statistics
New York Stock Exchange (NYSE): Advancing issues outnumbered declining issues. Specifically, there were 3,299 advancers, 1,167 decliners, and 359 issues unchanged, resulting in an advancer-to-decliner ratio of 2.83 to 1—approximately three advancers for every decliner.
The exchange recorded 216 new 52-week highs and 63 new 52-week lows, compared with 165 new highs and 83 new lows on Friday.
Total NYSE trading volume reached 4,848,107,140 shares, up 9% from the 4,444,390,982 shares traded on Friday.
NASDAQ: Advancing stocks also outpaced declining stocks on the NASDAQ, with approximately three advancers for every decliner. There were 3,533 advancers and 1,251 decliners, producing an advancer-to-decliner ratio of 2.82 to 1, with 335 issues unchanged.
The exchange posted 194 new 52-week highs and 119 new 52-week lows, compared with 173 new highs and 176 new lows on Friday.
Total NASDAQ trading volume reached 8,223,882,003 shares, representing an 8% decrease from Friday’s volume of 8,968,037,135 shares.
Daily Market Wrap – North American Equities
North American equity markets extended their upward momentum on Monday, supported by broad-based participation and strengthening technical conditions across both Canadian and U.S. benchmarks.
Canada – TSX Composite Index
The S&P/TSX Composite Index advanced 183.48 points, or 0.54%, to close at 33,879.24. After opening near Friday’s closing level, the index moved steadily higher and remained positive throughout the session.
Market breadth was firmly positive, with 1,406 advancing issues versus 712 decliners, yielding an advancer-to-decliner ratio of nearly 2:1. A total of 160 issues were unchanged. The TSX also recorded 129 new 52-week highs against just 23 new lows, an improvement from Friday’s already strong readings.
Trading activity supported the move, with total volume rising 13% to 470.3 million shares. The combination of rising prices and increased volume suggests strengthening momentum. From a technical perspective, the index remains well above its 25-day, 50-day, and 200-day moving averages, reinforcing the current bullish trend.
United States – Major Indexes
U.S. equities delivered a strong, broad-based advance, with all major benchmarks closing higher despite opening in negative territory.
The Dow Jones Industrial Average gained 301.68 points, or 0.63%, to finish at 48,218.25. The S&P 500 rose 1.02% to 6,886.24, while the Nasdaq Composite climbed 1.23% to 23,183.74, leading large-cap performance for the third consecutive session. The Russell 2000 Index outperformed on a percentage basis, gaining 1.52% to close at 2,670.49.
All four indexes reversed early losses and trended higher throughout the session, reflecting resilient buying interest. Technically, each index is now trading comfortably above its 20-day, 50-day, and 200-day moving averages—an encouraging signal for trend-following investors.
United States – Market Internals
Market breadth in the U.S. remained decisively positive. On the NYSE, advancers outpaced decliners by a ratio of 2.83 to 1, while the NASDAQ posted a similarly strong ratio of 2.82 to 1.
The NYSE recorded 216 new 52-week highs versus 63 new lows, while the NASDAQ posted 194 new highs and 119 new lows—both exchanges showing improving leadership trends compared to the prior session.
Volume trends were mixed but constructive. NYSE trading volume rose 9% to 4.85 billion shares, confirming buying interest behind the advance, while NASDAQ volume declined 8% to 8.22 billion shares, suggesting some moderation in trading intensity following recent gains.
Sector Performance
Sector performance was broadly positive, with cyclical and growth-oriented sectors leading the advance. Technology and consumer discretionary stocks outperformed, supported by continued strength in large-cap growth names, while industrials and financials also posted solid gains.
Energy stocks were mixed, reflecting modest fluctuations in underlying commodity prices, while defensive sectors such as utilities and consumer staples lagged the broader market, indicating a continued risk-on tone among investors.
In Canada, resource-heavy sectors—including materials and energy—provided support to the TSX, while financials contributed to the index’s steady upward bias.
Trading Outlook
The current market setup remains constructive, with strong breadth, rising price trends, and key indexes holding well above major moving averages. Momentum continues to favor the upside in the near term.
For traders, the focus should remain on trend continuation strategies, particularly in leading sectors such as technology and small caps. However, with multiple sessions of gains already in place, the potential for short-term consolidation or pullbacks should not be overlooked.
Key areas to watch include:
- Sustained expansion in new 52-week highs
- Volume confirmation on further advances
- Sector rotation, particularly into or out of cyclical leadership
A healthy consolidation above key moving averages would reinforce the durability of the current trend, while any deterioration in breadth or volume could signal a near-term pause.
Commodities, Bonds & After-Hours
Commodities
Crude oil prices moved lower following geopolitical developments, after Donald Trump indicated that Iran may be open to ceasefire negotiations. U.S. May crude futures were down 1.68% at $97.45 at the time of this update.
Precious metals continued to strengthen, reflecting ongoing demand for safe-haven assets. Gold rose $43.30, or 0.93%, to $4,813.40 per troy ounce, while silver gained $2.02, or 2.78%, to $77.25 per ounce (as of 11:30 p.m. EST).
Cryptocurrency
Bitcoin traded higher, rising $1,693.74, or 2.33%, to $74,812.73, indicating continued risk appetite in digital assets.
Fixed Income
The U.S. 10-year Treasury yield edged lower, declining approximately two basis points earlier in the session. It was last at 4.283% as of 11:30 p.m. EST, suggesting modest demand for bonds alongside equity strength.
After-Hours Futures
U.S. equity futures were little changed Monday evening:
- Dow Jones Industrial Average futures rose 62.00 points (+0.11%) to 48,482.00
- S&P 500 futures gained 11.50 points (+0.13%) to 6,932.00
- Nasdaq 100 futures advanced 67.75 points (+0.28%) to 25,613.00
Reminder:
Overnight futures often have limited correlation with the following day’s regular trading session. All figures reflect market conditions at the time of capture.
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(c) This article is published by The Canadian Vanguard on April 13, 2026
