# Dow Transports touched an all-time high, while the Russell 2000 outperformed its larger.

*business · news · 2026-04-08 · Newsmax*

## Key points

- A two-week U.S.-Iran ceasefire brokered by Pakistan triggered a global stock market rally.
- The Strait of Hormuz may reopen within days if a ceasefire framework is agreed.
- WTI and Brent crude futures fell over 13%, both settling below $100 per barrel.
- Federal Reserve minutes reveal policymakers raised their 2026 inflation outlook due to the war's oil shock.
- European and global stock indexes posted their largest one-day percentage gains in a year.

**Companies:** Delta Air Lines, Southwest Airlines, United Airlines, Carnival, Norwegian Cruise Line, Levi Strauss
**Countries:** United States, Iran, Pakistan

[Read the full story on Newsmax](https://www.newsmax.com/finance/streettalk/stocks-u-s-iran/2026/04/08/id/1252275/)

---

Canonical: https://newsio.io/n/567042ec-2405-4975-bdee-4bc9590cd62c/dow-transports-touched-an-all-time-high-while-the-russell-2000-outperformed-its
Summarized by Newsio from Newsmax. https://newsio.io/how-it-works