Wall Street ends sharply higher on US-Iran ceasefire
By Stephen Culp and Purvi Agarwal
Wed April 8, 2026
Since the two-week cease-fire agreement was announced nearly 3 hours after the markets closed yesterday, it was quite predictable that the indexes would soar today. And soar they did right out the gate and stayed there all day, the Dow racing up 4-digits to its biggest one-day gain in a year, while the S&P and Nasdaq regained a lot of the ground lost since the start of the war. This jubilation continued despite the hiccups in the cease-fire agreement that occurred throughout the day.
The Fed minutes also showed some serious leaning towards raising interest rates again. It’s possible that with today’s disruptions that everything will tank again tomorrow. Or as today’s expert put it, “the other side of this coin could have been a lot worse” so the celebrating may well be all about relief that the worst-case scenario did not happen last night. Despite the amazing rally, volume remained close to the 19.42 average, closing today at 20.64 billion.
DJ: 46,584.46 -85.42 NAS: 22,017.85
+21.51 S&P: 6,616.85
+5.02 4/7
DJ: 47,909.92 +1,325.46 NAS: 22,634.99
+617.14 S&P: 6,782.81
+165.96 4/8
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