Daily Market Report – April 8, 2026

Today's trading was characterized by an abrupt, global reassessment – triggered by the surprising announcement of a two-week ceasefire between the USA and Iran, which Donald Trump revealed just before the expiration of his ultimatum. The S&P 500 (SP:SPX) gained around 2–2.5%, the Nasdaq Composite (NASDAQ:IXIC) more than 3%, and the Dow Jones (DJ:DJI) saw significant increases; in Europe, the Stoxx 600 (INDEX:STOXX) jumped by 3.7%, and the Dax (XETR:DAX) even by 4.7% – each marking the strongest daily gains in months.

Interest-sensitive technology stocks and semiconductors rose particularly sharply: In Asia, SK Hynix (KRX:000660) surged by around 15%, driven by positive industry outlooks and the general return of risk appetite; major US technology stocks also saw significant gains.

Brent (TVC:UKOIL) temporarily plummeted by up to 16% and fell into the range of $90–95 per barrel, after previously triple-digit prices had weighed on the markets. Major oil companies like Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) each lost more than 5%, while European stocks like Shell (LSE:SHEL) and BP (LSE:BP) even dropped by up to 7%, as the decline in oil prices immediately calls into question the gains that had been built up previously.