News Bulletin
Wednesday, April 08, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Wednesday, April 8, 2026
10:30	Crude Oil Inventories	3.081M	-1.000M	5.451M
10:30	Cushing Crude Oil Inventories	0.024M		0.520M
13:00	10-Year Note Auction	4.28%		4.22%
13:00	FOMC Member Daly Speaks
14:00	FOMC Meeting Minutes

Indices

	CLOSE	50 DMA	200 DMA
DJIA	47,909.92	48,035.07	46,789.32
NASDAQ	22,635.00	22,540.34	22,380.21
S&P 500	6,782.81	6,760.36	6,657.79

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
Delta Air Lines DAL:US		0.66		13.79B	$44.97B	PM
Constellation Brands STZ:US		1.68		1.84B	$27.76B	PM
RPM International RPM:US		0.35		1.55B	$12.46B	PM
PriceSmart PSMT:US		1.57		1.47B	$4.6B	PM

Market News:

U.S. stocks notched big gains on Wednesday amid growing hopes for an end to the Middle East war after President Donald Trump said he had agreed to a temporary ceasefire with Iran.

Meanwhile, oil prices tumbled over 12% after Trump said the U.S. had postponed planned strikes against Iran for two weeks to broker a long-term end to hostilities. The dip helped to ease worries over an energy-induced inflation surge, renewing some wagers that the Federal Reserve could once again cut interest rates later this year.

The benchmark S&P 500 index jumped 2.5% to end at 6,783.48 points, the tech-heavy NASDAQ Composite surged 2.8% to close at 22,635.00 points, and the Dow Jones Industrial Average advanced 2.9% to settle at 47,910.79 points, its best day in exactly a year.

Middle East conflict sees diplomatic breakthrough

Market participants were on edge ahead of a 20:00 ET Tuesday deadline imposed by Trump on Tehran to reopen the critical Strait of Hormuz or face attacks on energy and civilian infrastructure. A request by Pakistan, a key mediator between the U.S. and Iran, to extend the deadline and observe a two-week ceasefire lifted the mood a little.

Just hours ahead of the deadline, Trump took to his Truth Social service to say that he had accepted Pakistan’s request, subject to the immediate reopening of the strait. The president added that Iran had sent a 10 point proposal which he believed was a "workable basis on which to negotiate."

Iran’s foreign minister, Abbas Araghchi, said Tehran would "cease their defensive operations" and would make "safe passage" through the Strait of Hormuz possible if shipping is done in coordination with the Iranian military. Pakistani Prime Minister Shehbaz Sharif invited U.S. and Iranian officials to Islamabad for talks on Friday.

U.S. stock futures reacted positively to the developments in extended trading on Tuesday, and extended those gains into Wednesday morning, with Wall Street eventually soaring at the opening bell.

Trump on Wednesday morning offered more details on the truce: "The United States will work closely with Iran, which we have determined has gone through what will be a very productive Regime Change!"

"There will be no enrichment of Uranium, and the United States will, working with Iran, dig up and remove all of the deeply buried (B-2 Bombers) Nuclear “Dust.” It is now, and has been, under very exacting Satellite Surveillance (Space Force!). Nothing has been touched from the date of attack. We are, and will be, talking Tariff and Sanctions relief with Iran. Many of the 15 points have already been been agreed to," Trump said, referring to a 15 point peace proposal offered up by Washington.

“Investors’ wish for a ceasefire has been granted, triggering a rally across financial markets and pulling down the oil price,” Dan Coatsworth, head of markets at AJ Bell, said.

“The positive market reaction is understandable as a two-week ceasefire raises hope for a complete end to the conflict. Markets have been clouded by multiple kinds of uncertainty, from fears of higher inflation and rising interest rates to general unease over geopolitical relations. The ceasefire gives the world a moment to breathe and take stock of events. Unfortunately, there is no guarantee that everything will return to normal," he said.

U.S. negotiators to travel to Pakistan on the weekend

White House Press Secretary Karoline Leavitt told reporters that a U.S. negotiating team will be heading to Islamabad in Pakistan this weekend for diplomatic talks.

The team will be led by U.S. Vice President JD Vance, Special Envoy to the Middle East Steve Witkoff, and American businessman Jared Kushner. The first round of talks will take place on Saturday morning local time, Leavitt said.

The Press Secretary also addressed conflicting media reports about the nature of Iran’s 10 point proposal, clarifying that Tehran had initially put forward a 10 point plan that was "completely discarded."

"With the president’s deadline fast approaching," the Iranian regime "acknowledged reality" and "put forward a more reasonable" plan, Leavitt said.

Israel to continue striking Hezbollah, Lebanon not part of ceasefire

Israel, which launched a joint assault on Iran with the U.S. in late February, backed Trump’s decision, Prime Minister Benjamin Netanyahu’s office said in a statement. However, the comment did not include Lebanon, where Iran-aligned Hezbollah militants have been targeted by Israel.

The Wall Street Journal reported that Israel was informed late about the ceasefire deal and wasn’t happy about it, citing mediators and a person familiar with the matter.

Israel’s national military later said it would "continue striking the Hezbollah terror organization" with "determination." The Israel Defense Forces said they had completed the "largest coordinated strike" across Lebanon since the start of the conflict, targeting over a hundred Hezbollah headquarters.

Tehran accuses of violations, says ceasefire ’unreasonable’

Iran’s Tasnim news agency and Press TV said that the country saw Israel’s attack on Lebanon as a violation of the ceasefire. The Fars news agency said the passage of oil tankers through the Strait of Hormuz had been halted after Israel’s strikes.

The speaker of Iran’s parliament, Mohammad-Bagher Ghalibaf, accused the U.S. of violating three clauses of the 10 point proposal even before negotiations had started: non-compliance with ceasefire in Lebanon, the entry of an "intruding drone" into Iranian airspace, and the denial of Tehran’s right to uranium enrichment.

"Now, the very ’workable basis on which to negotiate’ has been openly and clearly violated, even before the negotiations began. In such situation, a bilateral ceasefire or negotiations is unreasonable," Ghalibaf said, referring to Trump’s description of the 10 point proposal on Tuesday.

Still, the accusations of ceasefire violations did little to hurt Wall Street’s euphoric mood. Oil prices slumped, with Brent futures expiring in June, the global benchmark, last down 12% to $96.19 a barrel and U.S. West Texas Intermediate crude futures sliding 15% to $95.97 a barrel.

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