Wall Street Rallies, Market Ignores Failure of US-Iran Talks and Focuses on Economic Data

NEW YORK, KOMPAS.com - The United States stock exchange, or Wall Street, closed higher on Tuesday (15 April 2026) local time, despite the market being overshadowed by the failure of peace negotiations between the United States and Iran.

Investors continued to show optimism that the chances of reaching an agreement remain open, thereby improving risk sentiment once again.

Quoting CNBC on Wednesday (15 April 2026), the gains were led by the S&P 500 index, which rose 1.18 per cent to 6,967.38, approaching its 52-week high by less than 1 per cent.

The Wall Street rally was primarily supported by stocks in the technology sector.

Oracle recorded a surge of 4.7 per cent, continuing a rally of more than 12 per cent from the previous session.

Shares of Nvidia and Palantir Technologies also rose.

Although the US-Iran negotiations over the weekend were reported to have failed, the market appeared not to react too negatively.

US President Donald Trump stated that there were signals of communication from the Iranian side that still opened the possibility of an agreement.

That statement was deemed sufficient to ease investors’ concerns in the short term.

The gains even managed to erase all the pressure that the S&P 500 had experienced since the Iran conflict intensified.

Baird investment strategist Ross Mayfield assessed that the market has currently anticipated much of the risk from that conflict.

“I do not want to rule out the possibility that there could be further escalation and a further decline from here, but I think that is unlikely. I believe the market has already factored in some level of concern regarding Iran,” said Ross Mayfield.

He projected that the likelihood of continued escalation is relatively small, with the market position now returning close to all-time highs, supported by the earnings season that has the potential to strengthen positive sentiment.

“It seems we have returned close to all-time highs with a much cleaner market position, supported by more conducive incentives and background, and in the midst of an earnings season that could drive bullish sentiment,” he explained.