US market summary

Equity indexes hit record highs as geopolitical fears subside

On April 15, 2026, both the S&P 500 and the Nasdaq Composite achieved fresh all-time closing records, with the S&P 500 surpassing the 7,000 mark for the first time. Market sentiment was buoyed by optimism regarding a potential peace deal between the United States and Iran, which helped the broad market recover losses sustained during the recent conflict.

Alain’s Holdings

Ticker	Instrument	Last	Change %
VOO	Vanguard S&P 500 ETF	645.12	+0.12%
QQQ	Invesco QQQ Trust	639.88	+0.39%
XIU.TO	iShares S&P/TSX 60	50.22	+0.30%
VRT	Vertiv Holdings Co.	307.34	+4.49%

Top Gainers

Symbol	Name	Price	Change	Change %
MAAS	Maase Inc.	9.84	+2.36	+31.55%
XNDU	Xanadu Quantum Tech	30.20	+5.32	+21.38%
MXL	MaxLinear, Inc.	26.27	+2.92	+12.51%
LION	Lionsgate Studios Corp.	12.45	+1.39	+12.57%
NN	Nextnav Inc.	22.83	+1.34	+6.24%

Top Losers

Symbol	Name	Price	Change	Change %
BMI	Badger Meter, Inc.	115.54	-36.75	-24.13%
PBF	PBF Energy Inc.	37.16	-5.47	-12.83%
DK	Delek US Holdings, Inc.	37.23	-5.22	-12.30%
MMED	Mind Medicine (MindMed)	14.02	-1.20	-7.88%
MAIN	Main Street Capital Corp.	53.46	-4.37	-7.56%

52-Week Highs

Symbol	Name	Price	Change	Change %
BW	Babcock & Wilcox Enter.	18.43	+0.08	+0.44%
AXTI	AXT, Inc.	81.78	+18.85	+29.95%
RGC	Regencell Bioscience	30.57	+0.76	+2.55%
SNDK	Sandisk Corporation	918.88	+27.16	+3.05%
TERN	Terns Pharmaceuticals	52.69	-0.02	-0.04%

52-Week Lows

Symbol	Name	Price	Change	Change %
FIG	Figma, Inc.	20.32	-0.02	-0.10%
FRMI	Fermi Inc.	6.67	+0.84	+14.41%
BULL	Webull Corporation	6.48	+0.01	+0.15%
MNDY	monday.com Ltd.	66.37	+0.94	+1.44%
FISV	Fiserv, Inc.	62.44	+1.15	+1.88%

Alain’s Trend Watch

The market narrative today shifted heavily toward Industrial and Energy corrections.

• The “Badger” Effect: Badger Meter (BMI) led the losers, signaling potential sector-wide rotation out of industrial automation after a long rally.
• Semiconductor Resilience: Despite broader cooling, AXT, Inc. (AXTI) hitting a new 52-week high suggests that the “pick and shovel” hardware plays in the AI/Connectivity space still have significant momentum.
• Crypto/Strategy Divergence: MSTR remains a trending outlier with an 11.80% gain, continuing to trade as a high-beta proxy for institutional crypto adoption rather than following traditional software metrics.

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