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Informist, Thursday, Apr. 9, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Wall Street soars after US, Iran agree to 2-week ceasefire

 

MUMBAI--0755 IST--Indices on Wall Street soared Wednesday after the US and Iran agreed to a two-week ceasefire. The truce is dependent on the US not attacking Iran, and the West Asian nation reopening the Strait of Hormuz. The June contract of Brent crude oil futures fell sharply to below $100 per barrel after the ceasefire was announced.

 

A final peace agreement with Iran would be decided in these two weeks, US President Donald Trump said in a post on his social media platform Truth Social. "The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East," Trump said in the post.

 

All major indices in the US closed higher, with the Dow Jones Industrial Average closing over 1,300 points higher to post its highest daily gain in nearly a year. The S&P 500 ended 2.5% higher, and the Nasdaq Composite closed 2.8% higher. All prominent sectoral indices barring the S&P 500 Energy index closed in the positive territory. The S&P 500 Energy was 3.66% lower. Shares of upstream oil companies Exxon Mobil Corp. and Chevron Corp. declined over 4%.

 

Meanwhile, minutes of Federal Open Market Committee's last meeting raised the inflation outlook for the near term due to high energy prices. "Some measures of near-term inflation expectations increased, as energy and other commodity prices surged with the Middle East conflict," the central bank officials said. The impact of elevated crude oil prices and tariff-linked price hikes is seen abating by the end of this year, and the Federal Reserve sees inflation coming down to its 2% target only by the end of the next year.

 

The growth in the labour market was in line with expectations and the rate of unemployment is seen steady this year. However, risks to growth in the labour market persist if hostilities in West Asia continue for longer.

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	6782.81	2.51
NASDAQ Composite	22634.995	2.8
Dow Jones Industrial Average	47909.92	2.85

 

(Ruchira Kagita)

 

US$1 = INR 92.58

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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