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April 23, 2026

Stocks rally to records, but Brent oil also tops $100

By STAN CHOE
AP Business Writer

NEW YORK — The U.S. stock market rallied to more records Wednesday after GE Vernova, Boston Scientific and other big companies joined the parade reporting fatter profits for the start of the year than analysts expected. But caution still hung over Wall Street, and oil prices rose on uncertainty about what will happen in the war with Iran.

The S&P 500 jumped 1% and topped its prior all-time high set on Friday. The Dow Jones Industrial Average added 340 points, or 0.7%, and the Nasdaq composite set its own record after jumping 1.6%.


 
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