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Geopolitical Score 96 Neutral

Nasdaq Defies Hormuz Blockade as Tech Rally Extends to Ninth Day

Apr 13, 2026 23:58 UTC
^IXIC, CL=F
Immediate term

The Nasdaq Composite achieved its longest winning streak since 2023 despite severe geopolitical tensions. A sudden announcement of a blockade in the Strait of Hormuz initially pressured markets before software stocks drove a recovery.

  • Nasdaq Composite rose 1.2%
  • Achieved 9th consecutive day of gains
  • Blockade of Strait of Hormuz announced by President Trump
  • Software stocks drove the late-session recovery
  • Longest Nasdaq winning streak since 2023

The Nasdaq Composite climbed 1.2% on Monday, marking its ninth consecutive session of gains and its most prolonged winning streak since 2023. The rally occurred against a backdrop of extreme geopolitical instability that initially sent major indexes lower. Markets opened in the red following an announcement from President Donald Trump regarding a blockade of the Strait of Hormuz, one of the world's most critical chokepoints for global energy shipments. Such a move typically signals a systemic shock to oil markets and global trade. Despite the initial volatility triggered by the blockade news, the tech-heavy index found strong support in the software sector. This buying pressure allowed the Nasdaq to not only recover its early losses but to close significantly higher. The divergence between the geopolitical crisis and the equity market's performance suggests a strong current appetite for technology growth. However, the long-term implications of the Hormuz blockade on global energy prices and inflationary pressures remain a primary concern for institutional traders.

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