Trump · CNBC Technology
The biggest winners from U.S.-Iran ceasefire and tumbling oil prices
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The stock market got what it needed, at least for the moment.
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
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.