Stock Market Recap for Wednesday, April 8, 2026

The major U.S. stock indexes **Surged** today, **April 8, 2026**, after the U.S. and Iran reached a **two-week ceasefire** agreement that includes reopening the Strait of Hormuz, triggering a powerful relief rally and sharp drop in market volatility. Oil prices plunged more than 15%, with Brent crude falling below $95 per barrel. The **S&P 500** jumped **2.51%** (+165.96 points) to close at **6,782.81**, the **Dow Jones Industrial Average** soared **2.85%** (+1,325.46 points) to close at **47,909.92**, and the **Nasdaq Composite** climbed **2.80%** (+617.14 points) to close at **22,634.99**. The **VIX** plunged **18.53%** to 21.00. In dollar terms, the broader market (approximated by the **S&P 500**'s roughly $58–60 trillion cap) **added** an estimated **$1.45–1.55 trillion** in value.