Market Close 17 Apr 26: Investors pause on peace talk uncertainty

Market Close 17 Apr 26: Investors pause on peace talk uncertainty

From CommSec Market Update by CommSec

April 17, 2026 · 10 min

About this episode

Local shares dipped 0.1% amid skepticism over US-Iran peace talks, with notable movements in stocks like Zip and Temple & Webster.

Local shares ended an uninspiring week with a 0.1% dip. Despite President Trump’s claims that US-Iran peace talks are going "swimmingly," markets remained skeptical, failing to hold the psychological 9,000-point level. The retreat is minor, however, compared to last week’s massive 4.5% surge. Zip rocketed 14% after hiking profit goals to $260 million on US strength. Conversely, Temple & Webster slumped 6.5% on broker warnings of a prolonged "war toll" on retail earnings. Energy stocks eased as oil fell below 100 USD. Focus now shifts to Tesla’s results and upcoming RBA-critical inflation data. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener for privacy information.

People in this episode

Hosts: Steve Daghlian, Laura Besarati

Topics covered

  • market update
  • investing
  • US-Iran peace talks
  • retail earnings
  • Tesla results
  • inflation data

Keywords

  • market movements
  • energy stocks
  • oil prices
  • profit goals

Mentioned in this episode

Products: Tesla

Places: US, Australia

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