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S&P 500 Hits 7,138 as Earnings Beat, Oil Surges

4/24/2026

38 8 Full Breakdown

Summary

Story summary

The S&P 500 closed at 7,137.90 on April 22, 2026.
The Nasdaq Composite hit 24,657.57 while Brent crude rose above $100, from $70 before the war to $119.
Fifteen percent of S&P 500 firms reported Q1 earnings, beating forecasts with earnings 14% higher YoY, while strategists project the index could reach 7,650 by year-end on 13.2% earnings growth and warn of missile shortages, rising CPI, or a cease-fire collapse.

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Story summary

The S&P 500 closed at 7,137.90 on April 22, 2026.
The Nasdaq Composite hit 24,657.57 while Brent crude rose above $100, from $70 before the war to $119.
Fifteen percent of S&P 500 firms reported Q1 earnings, beating forecasts with earnings 14% higher YoY, while strategists project the index could reach 7,650 by year-end on 13.2% earnings growth and warn of missile shortages, rising CPI, or a cease-fire collapse.