US Stocks Hold Surges Following Iran Ceasefire
2026-04-08 18:03
By
Andre Joaquim
1 min. read
US stocks surged on Wednesday after President Trump agreed to a ceasefire with Iran and refrained from ordering large-scale attacks as threatened.
The S&P 500 and the Dow gained 2.5% while the Nasdaq 100 added nearly 3%, all at one-month highs.
The ceasefire was agreed for the next two weeks and reportedly included free traffic for tankers through the Strait of Hormuz.
Additionally, officials from Oman and other GCC countries opposed the toll system in the chokepoint campaigned by Tehran, although strikes between Iran and Israel and halts to tankers threatened the deal.
Oil prices plunged and yields declined on softer concerns of energy-driven inflation.
The rekindling of risk sentiment supported markets despite warnings of stagflation in the latest FOMC minutes, boosting speculative AI stocks, with Nvidia, Meta, Tesla, AMD, and Micron surging between 4% and 10%.
Airlines also jumped on the improved outlook of jet fuel supply, and Delta soared 6% after posting earnings.