Stocks Get Close to Record Highs on Solid Earnings: Markets Wrap

Earnings to Keep Driving Equities Higher, Schroders Says

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By Rita Nazareth

April 21, 2026 at 10:13 PM UTC

Updated on

April 22, 2026 at 5:09 PM UTC

A slew of strong corporate profits lifted stocks a day after President Donald Trump extended a ceasefire with Iran, though attempts to resolve the conflict struggled without any signs that the key Strait of Hormuz will reopen soon. Oil gained.

The nearly 1% gain in the S&P 500 sent the gauge close to a record, with tech leading the charge. Boeing Co. jumped on solid first-quarter deliveries. Tesla Inc.’s results are due later Wednesday. Spirit Aviation Holdings Inc. soared on speculation the US is near a rescue deal. Cannabis shares rallied on news reports the Trump administration will ease marijuana restrictions.