Weekly Recap | April 6, 2026

Weekly Recap

March 30 - April 3, 2026 Resilient Economy Amid Risks Ceasefire Hopes Lift Markets Markets rebounded on optimism surrounding a potential ceasefire between the U.S. and Iran. Reports suggested President Trump may be willing to end the military campaign even if the Strait of Hormuz remains closed, with the conflict potentially concluding within next two to three weeks. On the economic front, the U.S. economy added 178,000 jobs in March. Total job gains for 2026 now stand at 205,000, compared with just 116,000 jobs added over the entirety of 2025. Retail sales for February came in ahead of expectations, signaling continued consumer strength. For the Week… After declining for 5 straight weeks, all three major indices rebounded this week, led by the tech-heavy Nasdaq Composite which rose 4.5%. The S&P 500 gained 3.4% while the Dow Jones Industrial Average was up 3.0%. Small-cap stocks were up 3.3% for the week. Retail Gas Price Hits $4/Gallon The average retail gas price hit $4/gallon for the first time since 2022, rising more than one dollar in March. Gas prices exceeded $4 in only 2 prior periods (2008 and 2022) but adjusted for inflation the peak price was $6.11 in July 2008 and $5.53 in June 2022. Weekly Sector Insights Ten of the 11 Sectors ended the week positive led by Communication Services (+6.4%) and Information Technology (+4.6%). Energy was the lone sector to post a decline, as traders took profits following a strong first-quarter rally. Despite falling 5.3% this week, the sector remains up 33.5% year-to-date. Treasury Yields Fall The yield on the 10-year Treasury note fell from 4.44% to 4.35% after Fed Chair comments that long-term inflation expectations remain well anchored. Bond yields move inversely to prices. The U.S. Dollar Index was down 0.1%. U.S. WTI crude oil continued its upward momentum, rising 11.9% this week. Gold was up 3.4% for the week. The Week Ahead Markets will continue to monitor developments around a potential ceasefire between U.S. and Iran as well as the reopening of the Strait of Hormuz. Focus will also shift to Friday’s CPI report—the first to reflect higher energy prices. A major global airline will report earnings on Thursday, providing insight into the impact of higher energy prices on consumer demand.

The Latest from @CeteraIM

ISM Manufacturing rose to 43 Month high JOLTs Indicate Economy on Low Hiring, Low Firing Mode S&P 500 Seasonal Trends

Economic Calendar Monday, April 6 ISM Services PMI. Tuesday, April 7 Durable Goods Order, Consumer Inflation Expectations. Wednesday April 8 Mortgage Applications, Fed March FOMC Minutes. Thursday, April 9 Jobless Claims, Personal Consumption Expenditure Index (PCE), Wholesale Inventories. Friday, April 10 Consumer Price Index (CPI), Consumer Sentiment, Factory Orders.

The labor market added 178,000 jobs in March, beating expectations of 60,000. Although the prior two months were revised lower by 7,000 jobs, the economy has added an average of 68,000 jobs per month so far in 2026. The unemployment rate also edged lower to 4.3%.

This report is created by Cetera Investment Management LLC. For more insights and information from the team, follow @CeteraIM on X.

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“Cetera Financial Group” (CFG) refers to the network of independent retail firms encompassing, among others, those that are members FINRA/SIPC; Cetera Advisors LLC, Cetera Wealth Services, LLC (f/k/a Cetera Advisor Networks), Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), and Cetera Financial Specialists LLC. Those that are Securities and Exchange Commission registered investment advisers; Cetera Investment Management LLC and Cetera Investment Advisers LLC, .CFG is located at 655 W. Broadway, 11th Floor, San Diego, CA 92101.

Avantax Planning Partners^SM is an SEC registered investment adviser within the Aretec Group, Inc. (dba Cetera Holdings). All of the referenced entities are under common ownership

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Glossary

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. 

The S&P 500 is an index of 500 stocks chosen for market size, liquidity and industry grouping (among other factors) designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe.

The NASDAQ Composite Index includes all domestic and international based common type stocks listed on The NASDAQ Stock Market. The NASDAQ Composite Index is a broad based index.

The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe and is a subset of the Russell 3000 Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership.

The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market.

The Russell Midcap Index measures the performance of the mid-cap segment of the U.S. equity universe and is a subset of the Russell 1000 Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership. 

The Bloomberg US Aggregate Bond Index, which was originally called the Lehman Aggregate Bond Index, is a broad based flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government–related and corporate debt securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and non-agency) debt securities that are rated at least Baa3 by Moody’s and BBB- by S&P. Taxable municipals, including Build America bonds and a small amount of foreign bonds traded in U.S. markets are also included. Eligible bonds must have at least one year until final maturity, but in practice the index holdings have a fluctuating average life of around 8.25 years.

The Bloomberg US Corporate High Yield Index measures the USD-denominated, non-investment grade, fixed-rate, taxable corporate bond market. Securities are classified as high yield if the middle rating of Moody's, Fitch, and S&P is Ba1/BB+/BB+ or below, excluding emerging market debt. Payment-in-kind and bonds with predetermined step-up coupon provisions are also included. Eligible securities must have at least one year until final maturity, but in practice the index holdings has a fluctuating average life of around 6.3 years. 

The Bloomberg US Municipal Bond Index covers the USD-denominated long-term tax exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and prerefunded bonds. Eligible securities must be rated investment grade (Baa3/BBB- or higher) by Moody’s and S&P and have at least one year until final maturity.

The MSCI EAFE Index is designed to measure the equity market performance of developed markets (Europe, Australasia, Far East) excluding the U.S. and Canada. The Index is market-capitalization weighted.

The MSCI Emerging Markets Index is designed to measure equity market performance in global emerging markets. It is a float-adjusted market capitalization index.

The Bloomberg Commodity Index is a broadly diversified index that measures 22 exchange-traded futures on physical commodities in five groups (energy, agriculture, industrial metals, precious metals, and livestock), which are weighted to account for economic significance and market liquidity. No single commodity can comprise less than 2% or more than 15% of the index; and no group can represent more than 33% of the index.

 The S&P GSCI Crude Oil Index is a sub-index of the S&P GSCI, provides investors with a reliable and publicly available benchmark for investment performance in the crude oil market.

 The S&P GSCI Gold Index, a sub-index of the S&P GSCI, provides investors with a reliable and publicly available benchmark tracking the COMEX gold futures market.

The U.S. Dollar Index is a weighted geometric mean that provides a value measure of the United States dollar relative to a basket of major foreign currencies. The index, often carrying a USDX or DXY moniker, started in March 1973, beginning with a value of the U.S. Dollar Index at 100.000.