# The S&P 500 leaped 2.6% after Trump announced a two-week ceasefire with Iran.

*business · news · 2026-04-08 · The Atlanta Journal-Constitution*

## Key points

- President Trump announced a two-week ceasefire with Iran, averting immediate military escalation.
- Oil prices dropped sharply to around $95 per barrel following the ceasefire announcement.
- The S&P 500 surged 2.6% and the Dow Jones rose 1,254 points after the news.
- Global stock markets, including Europe and Asia, experienced significant gains in response.

**Countries:** United States, Iran

[Read the full story on The Atlanta Journal-Constitution](https://www.ajc.com/news/2026/04/oil-plunges-toward-95-as-the-dow-surges-1000-in-a-worldwide-rally-following-a-ceasefire-with-iran/)

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