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Dow soars more than 1,300 points, oil tumbles on Iran ceasefire

Apr 08, 2026 13:48 UTC

Investors cheered the announcement of a two-week ceasefire, which President Trump said is contingent on the reopening of the Strait of Hormuz..

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  • stocks surged and oil prices plunged below $100 per barrel on Wednesday as a temporaryceasefirein theIran wareased fears of a prolonged energy shock that has rattled markets for more than five weeks

U.S. stocks surged and oil prices plunged below $100 per barrel on Wednesday as a temporaryceasefirein theIran wareased fears of a prolonged energy shock that has rattled markets for more than five weeks. The Dow Jones Industrial Average was up 1,204 points, or 2.6%, in midday trading. The S&P 500 jumped 157 points, or 2.4%, while the tech-heavy Nasdaq Composite rose 2.9%. "Markets have been primed for this moment," Nigel Green, CEO of the financial firm deVere Group, said in an email. "Positioning had become defensive, volatility was elevated and energy prices were reflecting worst-case assum

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