By Stephen Guilfoyle
Publication Date: 2026-04-24 12:00:00
You made it. Friday. I don’t know about you kids, but every week feels like a marathon these days. After Thursday’s broad, but not really too deep selloff, the major indexes enter this day with week-to-date losses, putting what are currently three-week winning streaks at risk. On Thursday, the S&P 500 gave up 0.41% and will enter Friday down 0.25% for the week. The Nasdaq Composite surrendered a more daunting 0.89% on Thursday and entered Friday morning down 0.12% week to date. The small to midcap indices all outperformed the general marketplace but still closed down small for the day.
The weakness in U.S. equities came by way of an apparent breakdown in peace talks between the U.S. and whoever might be in charge in Iran, if anyone is. Iran’s Islamic Revolutionary Guard had fired upon three commercial vessels in the Strait of Hormuz coming into the Thursday session, seizing two and leaving the third disabled. The U.S. Navy, in turn, stopped Iranian oil tankers out in the Indian…
