Stock Market Today, April 8: Oil Prices Plunge and Markets Rally on Iran Ceasefire

By Emma Newbery – Apr 8, 2026 at 5:08PM ESTThe S&P 500 (^GSPC +2.51%) climbed 2.51% to 6,782.81, the Nasdaq Composite (^IXIC +2.80%) advanced 2.80% to 22,634.99, and the Dow Jones Industrial Average (^DJI +2.85%) jumped 2.85% to 47,909.92 as stocks rebounded on news of an U.S.–Iran ceasefire.Market moversMega-cap tech and AI leaders outperformed, with Meta Platforms (META +6.49%) rallying 6.5% to $612.42 on its Muse Spark AI debut. Semiconductor name ASML (ASML +8.74%) surged alongside tech stocks, with an additional boost from TD Cowen, which increased its price target.Energy majors such as Exxon Mobil (XOM 4.69%) and Chevron (CVX 4.29%) lagged as crude prices tumbled. Airlines, including Delta Air Lines (DAL +3.75%) and United Airlines (UAL +7.85%) gained. What this means for investorsMajor indexes rallied on news of a two-week ceasefire in the Iran conflict. WTI Crude fell 15% to $96 a barrel after parties agreed to reopen the Strait of Hormuz for the first time since the war began over five weeks ago. Falling oil prices eased energy-driven inflation fears, and markets began to reassess the possibility of a rate cut this year.The mood on Wall Street remained cautious, as this is only the start of the necessary negotiations that could drive a more permanent resolution. Even then, it will take time for the energy disruptions to normalize. For investors, it will be important to monitor developments in the Strait of Hormuz in the short term. Upcoming earnings reports and inflation data will provide further insight into the medium- and long-term impact of the war.Read NextApr 8, 2026 •By Anders BylundMarket indexes soared on the Iran truce, but risks remainApr 8, 2026 •By Sean WilliamsIf the S&P 500's Pullback Turns Into a Full-Fledged Bear Market, It Would Be Statistically Unique, According to 76 Years of DataApr 7, 2026 •By Jeremy BowmanMarkets Are Bracing for Tonight's Iran Deadline.

Here Is Why Your Long Term Portfolio Does Not Need toApr 7, 2026 •By Emma NewberyStock Market Today, April 7: Apple Slides Against Muted Market BackdropApr 7, 2026 •By David Jagielski, CPAWorried About a Stock Market Crash This Year? Don't Try Timing the Market, Do This InsteadApr 7, 2026 •By David Jagielski, CPAThese Are the Four Most Dangerous Words in Investing, According to This Legendary InvestorAbout the AuthorEmma Newberry is a contributing Motley Fool cryptocurrency analyst covering digital currencies and blockchain trends. She previously wrote for Motley Fool Money (formerly The Ascent) on personal finance, investing, retirement readiness, and crypto. Earlier in her career, Emma founded an English-language newspaper in Colombia and contributed to Olympic city bid campaigns. She holds a bachelor’s degree in English literature with creative writing from the University of East Anglia in the UK.TMFemmanewberyStocks MentionedS&P 500 IndexSNPINDEX: ^GSPC$6,782.81(+2.51%)+$165.96NASDAQ Composite IndexNASDAQINDEX: ^IXIC$22,635.00(+2.80%)+$617.15Dow Jones Industrial AverageDJINDICES: ^DJI$47,909.92(+2.85%)+$1,325.46*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.