Stock Market Live April 27, 2026: S&P 500 (SPY) Flat as Iran Peace Deal Talks Stall

Futures are mixed. The S&P 500 is down about half a point at the moment.  The SPDR S&P 500 ETF (SPY) is down 0.06%, or by 45 cents.  The Dow is down 0.07%, or by 37 points. The Nasdaq is up about 0.04%, or by 10 points. Oil is up 68 cents at $95.08. Bitcoin is down $902 at $77,759. And gold is up about $5.73 at $4,705.60.

About Iran, President Trump cancelled plans to send Steve Witkoff and Jared Kushner to Pakistan for ceasefire talks, saying that negotiations could take place by phone. “Too much time wasted on traveling, too much work!” the president wrote in a post on Truth Social. “Nobody knows who is in charge, including them. Also, we have all the cards; they have none! If they want to talk, all they have to do is call!!!”

Later this week, the Federal Reserve will talk about interest rates. It may also be Jerome Powell’s final meeting as chair, with Kevin Warsh expected to take over in May.

Market Movers: Qualcomm Up Another 9% in Premarket 

Shares of Qualcomm (NASDAQ: QCOM | QCOM Price Prediction) are up more than 9%, or by $13.85 a share, on news that it’s partnering with OpenAI to create smartphone processing chips.

Analysts at Bank of America reiterated a buy rating on Nvidia (NASDAQ: NVDA), noting the tech giant “could pivot towards shareholder returns that could: 1) broaden stock ownership across dividend/income-oriented funds, 2) alleviate concerns around unexpected large M&A and noisy vendor financing,” as quoted by CNBC.

Analysts at Deutsche Bank reiterated a buy rating on Tesla (NASDAQ: TSLA), noting that the company has sustained momentum. As quoted by CNBC, the firm said, “Following a surprisingly large 1Q beat financially, the deployment of robotaxi and Optimus appears to be slower than anticipated. … Nevertheless, we acknowledge it will be difficult for the stock to gather sustained momentum until some of these major physical AI efforts show meaningful progress on the commercial/operational front.”

Analysts are Bullish on Apple Ahead of April 30 Earnings 

Analysts at Baird just reiterated an outperform rating on Apple (NASDAQ: AAPL), noting that it’s keeping with the stock ahead of earnings later this week.

According to Bank of America analyst Wamsi Mohan, Apple is likely to post strong second-quarter results thanks to demand for the iPhone 17. Analysts at Wedbush Securities are also bullish. With an outperform rating and a $350 price target, analyst Daniel Ives added that several Mac mini and Mac Studio models are currently facing shipping delays.

In addition, Morgan Stanley has an overweight rating on the stock with a $315 price target, with analyst Erik Woodring noting that, “We expect gross margin downside to be more than offset by revenue upside in the June quarter guide, making for a better than feared earnings and a clearing event into WWDC this June, and the iPhone launch in September,” as quoted by Seeking Alpha.

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