Stock Market Surges on Iran Ceasefire

0:00It's April 8th. This is US News today, AI-powered stories from across the country. US stock futures are surging today, after the US and Iran inked a two-week ceasefire, easing fears over the strait of hormones and slamming crude oil. Prices down 16% to around $90 a barrel. Global markets lit up too, with Asian and European indexes jumping 4% to 5%, while the dollar dipped 1% against the in-ass. Safe haven demand cooled off. Investors are popping champagne for now, but analysts like Josh Gilbert from Etoro warn, this rally needs real negotiation wins to stick around, or it. Could flip fast if talks flop in two weeks. Energy giants like Exxon and Chevron tank 6-8% pre-market, but travel stocks soared, American airlines up 7.3%. Cardival 9.4%. This comes after a month of back and forth drama between Trump and Iran, that rattled everyone, with the S&P 500 off-sharp last March.

1:02At 6.05 a.m. Eastern, Dow E-minus climbed 1,194 points, or 2.55%, S&P of 100. 79.50, or 2.70%, NASDAQ 100 E-minis, 843.75, or 3.4, 6%. Money eased, small caps popped, banks edged higher, but eyes stay glued on Fed speakers Mary daily, and Christopher Waller later, plus March. Meeting minutes as rate cut odds shift to mid-growth worries.