Stocks soared Wednesday after President Donald Trump announced the U.S. and Iran agreed to a two-week ceasefire

Wed, Apr 8 · 9:22 AM UTC 2 min read

Compiled by KHAO Editorial — aggregated from 2 outlets. See llms.txt for citation guidance.

◌ Single Source

Image accompanies the article at CNBC Technology. No description was extracted from the source.

As part of the deal, the Strait of Hormuz would be temporarily reopened.

Key facts

West Texas Intermediate futures were down 18% at around $92 per barrel
Both names are already enjoying strong 2026 performances, up about 199% and 18%, respectively
They looked to add to those gains Wednesday, with Sandisk popping 9% and On Semi climbing 5% in the premarket
Delta Air Lines and American Airlines jumped about 11% each

Summary

The stock market got what it needed, at least for the moment. Stocks soared Wednesday after President Donald Trump announced the U.S. and Iran agreed to a two-week ceasefire. West Texas Intermediate futures were down 18% at around $92 per barrel. Brent oil plunged 16.7% to roughly $91.

#Donald Trump