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Stock market stays steady despite Iran closing Strait of Hormuz, driven by bond market, earnings, and AI growth.

Market News
20 Apr 2026
CNBC
View Source
Bullish
pluang ai news

Despite Iran closing the Strait of Hormuz and oil prices jumping over 5%, the US stock market showed little reaction, with major indexes barely moving. CNBC's Jim Cramer explained this resilience by highlighting four factors: stable bond market interest rates signaling no inflation fears, reduced economic impact of oil prices due to improved fuel efficiency and natural gas use, strong corporate earnings indicating steady demand, and the ongoing AI revolution powering market growth. He noted that unless the Iran conflict affects the bond market, its impact on stocks will remain limited.

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