# More than 400 stocks on the S&P 500 ended the session with gains, on a day that saw the index close above both its 50 and 200-Day Moving.

*business · news · 2026-04-08 · CNBC TV18*

## Key points

- The S&P 500 closed above both its 50 and 200-Day Moving Averages for the session.
- Hedge funds covered short positions on indices and ETFs at the fastest pace since 2020.
- The Dow Jones Transportation Index closed at record highs with gains over 3%.
- President Trump's two-week Iran ceasefire announcement triggered a sharp surge in US equities.

**Companies:** Nationwide, CFRA Research, Cantor Fitzgerald
**Countries:** United States, Iran

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/dow-jones-snp-500-nasdaq-best-day-in-a-year-iran-ceasefire-trump-oil-fall-dollar-experts-buy-or-sell-19883400.htm)

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