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S&P 500 Knocks on Record's Door as Oil Retreats and Iran Talks Revive — April 15, 2026

MoneySavings.ca  ·  Daily Market Brief Wednesday, April 15, 2026  ·  Morning Edition S&P 500 knocks on record's door as oil retreats and Iran talks revive S&P 500 Futures 7,002 Flat  ·  near all-time high Nasdaq Futures 25,990 Flat  ·  10-day win streak Dow Futures 48,700 ▼ −0.11% WTI Crude $92.52 ▼ Down from $104 peak Markets are pausing for breath on Wednesday after a powerful two-day rally pushed the S&P 500 to within striking distance of its all-time high of 7,002. Futures are holding flat ahead of the open as investors weigh a packed earnings slate and watch U.S.-Iran diplomacy for the next catalyst. Tuesday's session delivered broad gains — the S&P 500 rose 1.18% to 6,967, the Nasdaq surged 1.96% to 23,639, and the Dow added 0.66% to close at 48,536. A cooler-than-expected Producer Pri...
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Judicial Rulings Block Mass Federal Layoffs, Challenge Trump's Downsizing Agenda

In a significant legal development, federal courts have intervened to halt the mass termination of U.S. government employees, dealing a blow to former President Donald Trump's efforts to reduce the size of the federal workforce. Judges in California and Maryland issued rulings mandating the reinstatement of thousands of probationary employees who were dismissed as part of a broader initiative to streamline government operations.

The courts found that the terminations violated established protocols for workforce reductions, with one judge describing the justification for the layoffs as a "sham". These rulings underscore the judiciary's role in ensuring that federal employment practices adhere to legal standards, even amid sweeping administrative reforms.

The decisions have sparked widespread debate about the balance between government efficiency and employee rights, highlighting the complexities of implementing large-scale organizational changes within the public sector. As the legal battles continue, the future of these workforce reduction plans remains uncertain.

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