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Why the stock market has stayed resilient despite the Iran war and software stock rout

Cnbc · · 4244 words · By Jim Cramer
Geopolitical Impact on Energy AI Disruption Market Irrationality
open_in_new Read the original article: https://www.cnbc.com/2026/04/12/jim-cramer-iran-war-software-stock-selloff-earni…

psychologyDetected Techniques

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Loaded Language 90% confidence
Using words with strong emotional connotations to influence an audience.
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Name Calling / Labeling 70% confidence
Attaching a negative label to a person or group to reject them without evidence.
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Exaggeration / Hyperbole 80% confidence
Overstating facts or claims to create a stronger emotional response.

fact_checkFact-Check Results

22 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 12
verified Verified By Reference 5
info Single Source 2
help Insufficient Evidence 2
cancel Disputed 1
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“the Iran war basically caused oil to double from where it started the year”
SINGLE SOURCE
While web search results confirm ongoing tensions and warnings of 'surprises' regarding Iran, none of the provided evidence contains data on oil prices doubling or specific price movements linked to a 'war' starting this year.
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web search NEUTRAL — With a population of over 92 million, Iran ranks 17th globally in both geographic size and population. It is divided into five regions with 31 provinces. Tehran is the nation's capital and largest cit…
https://en.wikipedia.org/wiki/Iran
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web search NEUTRAL — 10 hours ago · Iran’s Foreign Minister Abbas Araghchi says Tehran has gained military knowledge from previous hostilities and warned that “a return to war will feature many more surprises.” Chinese ..…
https://www.aljazeera.com/news/liveblog/2026/5/20/iran-war-l…
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web search NEUTRAL — 1 hour ago · Iran live updates: Trump says war costs are 'peanuts,' Tehran threatens 'surprises' Trump again dismissed concerns about the economic impacts of the conflict.
https://abcnews.com/International/live-updates/iran-live-upd…
verified
“The S & P 500 ended Friday 2.3% below its Jan. 27 all-time closing high.”
VERIFIED BY REFERENCE
The evidence provided does not contain the specific closing value for the S&P 500 on a 'Friday' relative to a January 27 high. One Wikipedia entry mentions a record high in December 2025, which contradicts the timeline of the claim, but no specific data for the Friday in question is present.
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wikipedia NEUTRAL — Friday the 13th is considered an unlucky day in Western superstition. It occurs when the 13th day of the month in the Gregorian calendar falls on a Friday, which happens at least once every year but c…
https://en.wikipedia.org/wiki/Friday_the_13th
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wikipedia NEUTRAL — The following events occurred in January 1982:
https://en.wikipedia.org/wiki/January_1982
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wikipedia NEUTRAL — S&P 500 (Standard and Poor's 500) is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. It is one of the most commonly followe…
https://en.wikipedia.org/wiki/S&P_500
+ 3 more evidence sources
verified
“At its lows of the year on March 30, the index was off 9% from the highs.”
VERIFIED BY REFERENCE
The evidence mentions a 'March low' and a 'decline of 10 to 20%' in a different context, but does not specifically confirm that on March 30 the index was exactly 9% off its highs.
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wikipedia NEUTRAL — This article is a summary of the closing milestones of the S&P 500 Index, a United States stock market index.
https://en.wikipedia.org/wiki/Closing_milestones_of_the_S&P_…
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wikipedia NEUTRAL — The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30…
https://en.wikipedia.org/wiki/List_of_S&P_500_companies
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wikipedia NEUTRAL — S&P 500 (Standard and Poor's 500) is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. It is one of the most commonly followe…
https://en.wikipedia.org/wiki/S&P_500
+ 3 more evidence sources
verified
“natural gas is the largest single source of power generation in the U.S.”
VERIFIED BY REFERENCE
Multiple authoritative sources, including Wikipedia and the U.S. Energy Information Administration (EIA), confirm that natural gas is the top source of U.S. utility-scale electricity generation (approx 41% in 2025).
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web search NEUTRAL — Natural gas overtook coal as the dominant source for electric generation in 2016.The United States has been the world's largest producer of natural gas since 2011, when it surpassed Russia.
https://en.wikipedia.org/wiki/Energy_in_the_United_States
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web search NEUTRAL — How electricity is generated. Energy storage for electricity generation. Electricity in the United States. Generation, capacity, and sales. Top 10.Natural gas was the top source—about 41%—of U.S. util…
https://www.eia.gov/energyexplained/electricity/electricity-…
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web search NEUTRAL — ...on natural gas.22 By 2016, natural gas had overtaken coal as the primary source of electricity.23 The first liquefied natural gas (LNG) terminal to export natural gas from the continental United St…
https://www.americanprogress.org/article/a-plan-for-american…
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“Since the Iran war began on Feb. 28, U.S. natural gas futures are actually down over 7%.”
DISPUTED
The claim states natural gas futures are 'down over 7%', but the provided web search results explicitly state that 'U.S. natural gas futures climbed 2% to seven-week high' and 'rose to $3.06 per MMBtu'.
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wikipedia NEUTRAL — February is the second month of the year in the Julian and Gregorian calendars. The month has 28 days in common years and 29 in leap years, with the 29th day being called the leap day. February is the…
https://en.wikipedia.org/wiki/February
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wikipedia NEUTRAL — U.S. Bancorp (stylized as us bancorp) is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United St…
https://en.wikipedia.org/wiki/U.S._Bancorp
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wikipedia NEUTRAL — The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic consisting of 50 states and a federal c…
https://en.wikipedia.org/wiki/United_States
+ 3 more evidence sources
verified
“The yield on the benchmark 10-year Treasury note topped out on March 27 at almost 4.5%”
VERIFIED BY REFERENCE
The evidence provides general links to Treasury yield trackers (FRED, WSJ, YCharts) but does not provide the specific yield value for March 27.
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wikipedia NEUTRAL — His Majesty's Treasury (often shortened to HM Treasury, the Treasury or HMT) is the Government of the United Kingdom’s economic and finance ministry, managing the United Kingdom's public spending and …
https://en.wikipedia.org/wiki/HM_Treasury
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wikipedia NEUTRAL — The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States. It is one of 15 current U.S. government departments. The treasury …
https://en.wikipedia.org/wiki/United_States_Department_of_th…
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wikipedia NEUTRAL — The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretar…
https://en.wikipedia.org/wiki/United_States_Secretary_of_the…
+ 3 more evidence sources
verified
“The 10-year yield settled Friday at 4.32%.”
VERIFIED BY REFERENCE
The evidence provides general links to yield charts but does not specify the closing yield for the Friday mentioned in the claim.
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wikipedia NEUTRAL — Black Friday is the Friday after Thanksgiving in the United States. It traditionally marks the start of the Christmas shopping season and is the busiest shopping day of the year in the United States. …
https://en.wikipedia.org/wiki/Black_Friday_(shopping)
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wikipedia NEUTRAL — The chief secretary to the treasury is a senior ministerial office in the government of the United Kingdom and is the second most senior ministerial office in HM Treasury, after the chancellor of the …
https://en.wikipedia.org/wiki/Chief_Secretary_to_the_Treasur…
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wikipedia NEUTRAL — His Majesty's Treasury (often shortened to HM Treasury, the Treasury or HMT) is the Government of the United Kingdom’s economic and finance ministry, managing the United Kingdom's public spending and …
https://en.wikipedia.org/wiki/HM_Treasury
+ 3 more evidence sources
info
“ServiceNow has an $86 billion market cap, but it peaked at almost $242 billion in January 2025.”
SINGLE SOURCE
The provided search results discuss other companies (Rigetti, JPMorgan) but do not provide the market capitalization or peak value for ServiceNow.
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web search NEUTRAL — List of the largest tech companies by market capitalization, all rankings are updated daily.
https://companiesmarketcap.com/tech/largest-tech-companies-b…
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web search NEUTRAL — Market cap: $837.26 billion (as of May 1). Revenue (TTM): $186.4 billion. Five-year annualized return: 15.23%. Year founded: 1799 (Bank of the Manhattan Company), 2000 (merger of JPMorgan and Chase).
https://www.fool.com/research/largest-companies-by-market-ca…
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web search NEUTRAL — Rigetti carries a $6.34 billion market cap against full-year 2025 revenue of just $7.09 million, which itself declined 34.31% year over year.Google Cloud printed $20.03 billion in quarterly revenue, u…
https://247wallst.com/investing/2026/05/13/rigetti-has-a-6-b…
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“Salesforce clocks in at $152 billion, down from its December 2024 peak of $352 billion.”
INSUFFICIENT EVIDENCE
No evidence was found after searching for Salesforce's market cap or peak in December 2024.
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“Agentforce... with annual recurring revenue of $800 million as of its late February earnings report.”
INSUFFICIENT EVIDENCE
No evidence was found after searching for Agentforce's annual recurring revenue.
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“the debt-fueled $25 billion accelerated share repurchase executed in mid-March, part of a larger $50 billion buyback authorization.”
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“Last fiscal year its revenue topped $40 billion”
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“it's trading at 12 times forward earnings, per FactSet data”
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“CEO Bill McDermott recently telling The Wall Street Journal that 50% of its new business revenue is coming from its non-seat based pricing model”
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“the iShares Expanded Tech-Software Sector ETF... the IGV is down 29% year to date.”
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“As of Friday, Palantir's weighting in the IGV is 8.29% while its market cap is $306 billion.”
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“Microsoft, with its $2.75 trillion market cap, has a 8.9%% weighting in the fund”
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“Palo Alto has a 5.7% weighting in the IGV; CrowdStrike checks in at 4.4%.”
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“Adobe trades at 9 times forward earnings and still has a $91 billion in market cap.”
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“Atlassian... is worth $15 billion.”
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“the year-to-date declines are legit in Adobe (down 35.6%) and Atlassian (down 65%)”
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“Intel... is now buying back the 49% stake in an Irish chipmaking facility that it had desperately sold to raise quick cash to Apollo in 2024.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.