US Stocks Trim Gains, Remain Sharply Higher

2026-04-08 19:12 By Andre Joaquim 1 min. read

US stocks trimmed some gains on Wednesday after Iran stated the US violated their ceasefire agreement, raising concerns that Tehran could force the ongoing energy shock from the region for longer.

Despite the pullback, stocks remained higher with the S&P 500, the Dow, and the Nasdaq 100 gaining over 2.3%.

The development jeoperdized the agreement that was due to last two weeks and increase traffic of tankers through the Hormuz chokepoint, although reports that Tehran threatened multiple vessels from leaving the Persian Gulf had already dimmed optimism on the ceasefire.

Oil prices were still sharply lower and yields held their recent drop, rekindling risk sentiment despite warnings of stagflation in the latest FOMC minutes.

Speculative AI stocks were higher 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.



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