# The Dow Jones Industrial Average closed up 2.9% at 47,909.

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

## Key points

- President Trump announced a two-week ceasefire with Iran to finalize a peace agreement.
- Oil prices suffered their largest one-day drop since April 2020, falling over 16%.
- Intel will join Elon Musk's $20 billion Terafab project to design ultra-high-performance chips.
- Delta Air Lines maintained its full-year forecast but lowered earnings estimates due to higher fuel costs.

**Companies:** Intel, Tesla, SpaceX, Delta Air Lines, Carnival, United Airlines, American Airlines Group
**Countries:** United States, Iran

[Read the full story on Kiplinger](https://www.kiplinger.com/investing/stocks/dow-climbs-1-325-points-in-relief-rally-stock-market-today)

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