Newsquawk US Market Wrap – 22nd April 2026: Stocks bid on ceasefire extension, but oil climbs as uncertainty remains
SNAPSHOT: Equities up, Treasuries flatten, Crude up, Dollar up, Gold up

NAS100 (NASDAQ) 4 HOUR
NAS100 on a tear with another record high while US6500 lags and consolidates below its high.
While in unchartered territory only resistance is at the most recent high and a round number like 27000.
Another way to look at it is if 26500 becomes support then 28000 becomes a potential target.

April 21 Earnings Release Stocks
(EQT) EQT Corporation reported Q1 2026 adjusted earnings from continuing operations of $2.33 per share. Adjusted operating revenues increased to $3.14 billion from $2.15 billion a year ago, while total revenue rose 94% to $3.38 billion. Quarterly net income was $1.49 billion.
(WRB) W.R. Berkley Corporation reported strong Q1 2026 results, with net income to common stockholders of $515.2 million and record operating income of $514.3 million, up more than 22% year-over-year. Return on equity was 21.2%, investment income reached a record high, and capital returned to shareholders exceeded $336 million. Revenue rose 4% year-over-year to $3.69 billion, slightly below market expectations, while non-GAAP EPS was $1.30.
(UAL) United Airlines Holdings, Inc. reported Q1 2026 adjusted EPS of $1.19 and adjusted net income of $400 million on revenue of $14.61 billion, up 10.6% year-over-year. Fuel costs increased by $340 million, with average fuel at $2.78 per gallon. The company withdrew full-year EPS guidance, projecting Q2 EPS of $1–$2, and plans to reduce 2026 capacity by approximately 5%.
April 21 Earnings Release Stocks
(GE) GE Aerospace reported an operating profit of $2.5 billion for Q1 2026, with adjusted EPS of $1.86 on revenue of $12.39 billion. Commercial engines and services revenue increased 34% to $8.92 billion, while defense revenue rose 19% to $3.21 billion. Orders saw significant growth, and free cash flow reached $1.7 billion, up 14% year-over-year. The company maintained its 2026 EPS guidance of $7.10–$7.40, noting potential upside toward the high end, while raising near-term oil-price assumptions and highlighting risks from fuel supply constraints and softer global growth.
(UNH) UnitedHealth Group Incorporated reported Q1 2026 revenue of $111.7 billion, up 2% year-over-year, with operating earnings of $9.0 billion. The company posted a non-GAAP profit of $7.23 per share and reiterated its full-year adjusted EPS guidance above $18.25.
(RTX) RTX Corporation reported Q1 2026 sales of $22.09 billion, up 9% year-over-year, with adjusted EPS of $1.51 and operating profit of $2.56 billion (11.6% margin). Backlog totaled $271 billion, and operating cash flow was $1.86 billion. The company raised its full-year revenue and EPS guidance. Segment results included Collins Aerospace sales up 5% (operating profit +6%), Pratt & Whitney sales up 11% (operating profit +21%), and Raytheon Defense sales up 10% (operating profit +25%).
This investment is a lot larger than the GDP of many countries

JP, the reaction just now to this report like it was new news.

US PRE-MARKET MOVERS: TDY, BABA, PM, UAL, VRT, OTIS, GEV, BA, ISRG, ABNB, ZS, GOOGL
ES +0.7% NQ +0.9% RTY +0.9%

ST re your “Here’s the dilemma: Who do you trust” Qtn
–
most traders, typically US traders, are “naturally” optimistic.
hard-nosed traders watch not political blather, rather market’s collective positioning and attempt to game THAT, natural optimism / patriotism aside / notwithstanding.
key is to know where and on what to turn one’s eyeballs and trading attention
g/l
Google up around 2% on this news, lifting US indices but risk on so far not spilling over to FX or GOLD

FX option expiries for 22 April 10am New York cut
EUR/USD at the 1.1760 and 1.1790-00 levels. The currency pair has been looking a little heavier since overnight trading, as the risk mood retreats slightly as US-Iran developments continue to hit a roadblock. The expiries now tie closer to the 200-hour moving average at 1.1760 currently and also some short-term daily resistance at the 1.1800 mark.

© 2024 Global View
