Market Report, 2026-04-08

A relief rally took place following a ceasefire agreement between the U.S. and Iran. The world watched nervously last night as the deadline approached for the ceasefire deal proposed by the U.S. president. Iran had been threatened with having its civilization wiped off the face of the Earth if no agreement was reached by the deadline. Stock futures surged late yesterday evening and remained elevated throughout the day until the market closed today. Oil prices also dipped meaningfully below $100 per barrel overnight.

In a truly remarkable feat, all major stock indices ended the day nearly 3% higher. The Dow Jones Industrial Average once again posted a four-digit gain, reaching 47,910. The NASDAQ ended the day 2.9% higher at 24,903. The S&P 500 posted a 2.51% gain, closing at 6,783. On a sector basis, energy was the only sector that posted losses today, as oil and gas prices declined significantly, while all other sectors ended the day in the green. Industrials, materials, and technology led the market with gains of more than 3%.

The bond market also rallied, though to a lesser degree. Both the U.S. 5-year and 10-year Treasury yields fell by 5 basis points to 3.92% and 4.3%, respectively. Gold reacted cautiously and was above the $4,700 mark, similar to where it was around this time yesterday.

Domestically, we turn our attention to the Federal Reserve meeting minutes, which showed concern over two-sided risks to its dual mandate stemming from the conflict with Iran, once again putting policymakers in a difficult position.

There appears to be considerably more confusion surrounding the ceasefire deal, and we will watch for any further clarification. A very important inflation gauge and a GDP revision will also be released tomorrow. Adams Wealth Advisors will continue to provide further updates.