# US stock market today surged sharply, with the Dow Jones Industrial Average jumping 1,200 points, while the S&P 500 and Nasdaq Composite gained over 2%.

*business · news · 2026-04-08 · The Economic Times*

## Key points

- President Trump signaled a two-week US-Iran ceasefire, sharply reducing Middle East conflict fears.
- Oil prices crashed over 16%, instantly lowering inflation expectations and boosting rate-cut hopes.
- The reopening of the Strait of Hormuz is expected to restore global oil supply stability.
- Intel surged nearly 9% and American Airlines jumped 9%, benefiting from renewed sector confidence and cheaper oil.
- Cypherpunk Technologies rose 20% due to speculation linking Adam Back to Bitcoin's creator.

**Companies:** Intel Corporation, NVIDIA Corporation, American Airlines Group Inc., Nokia Oyj, SoFi Technologies Inc, PMGC Holdings Inc., Beasley Broadcast Group Inc., Plug Power Inc., Ondas Holdings Inc.
**Countries:** United States, Iran

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/why-is-the-us-stock-market-today-dow-sp-500-nasdaq-rallying-so-sharply-dow-jones-jumps-1200-points-while-sp-500-and-nasdaq-surge-over-2-on-ceasefire-optimism/articleshow/130116704.cms)

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