13.04.2026 16:50
After U.S. President Donald Trump announced that a complete blockade would be implemented in the Strait of Hormuz, intervening in shipments going to and coming from Iran, the New York Stock Exchange started the day with a decline. The drop in the stock market reached 0.73%, and it became a matter of curiosity how it would trend throughout the day.
U.S. President Donald Trump's announcement that a complete blockade will be implemented in the Strait of Hormuz and that all ships going to and coming from Iran will be intervened has created a shock effect in global markets.
LOSSES IN THE NEW YORK STOCK EXCHANGE
Following this development, the New York Stock Exchange started the day with a decline, and the loss in the indices quickly reached 0.73 percent. The tension in the energy corridor caused investors to flee from risky assets.
Market experts warn that this tension in the world's most critical oil transit route could trigger energy prices. The stock market, which is expected to follow a negative trend throughout the day, is predicted to find direction based on new news from the region and possible retaliation statements. Investors continue to seek safe havens as geopolitical risks increase.
NEW YORK STOCK EXCHANGE HAD A POSITIVE TREND LAST WEEK
Last week, a positive trend was prominent in the New York Stock Exchange. On a weekly basis, the S&P 500 rose by 3.56 percent, the Nasdaq index by 4.45 percent, and the Dow Jones index by 3.04 percent. Financial results to be announced by major banks and asset management companies in the U.S. next week will be closely monitored.
Meanwhile, the consumer confidence index measured by the University of Michigan in the U.S. fell to 47.6 in April, the lowest level ever, significantly below market expectations.
Consumers' short-term inflation expectations climbed from 3.8 percent in April to 4.8 percent, reaching the highest level since August 2025. The amount of factory orders in the country remained flat in February compared to the previous month, totaling 619.6 billion dollars.
The federal government's budget deficit in the U.S. rose by 2 percent in March compared to the same month last year, reaching 164 billion dollars.
Next week, data on second-hand home sales on Monday, producer price index (PPI) inflation on Tuesday, New York Fed manufacturing index on Wednesday, industrial production, capacity utilization, Philadelphia Fed manufacturing index, and weekly unemployment claims will be followed.