Wednesday, 8 April 2026

Jumping on a ceasefire

US equity indexes closed powerfully higher, SPX +166pts (2.5%) at 6782. Nasdaq comp' +2.8%. Dow +2.8%. The Transports settled +3.2%. R2K +2.9%

SPX - daily

VIX - daily

Summary

US equities opened powerfully higher on news of a USA-Israel-Iran ceasefire. The SPX printed an early high of 6793, with some cooling to 6740. There was a secondary push higher to settle at 6782.

Volatility was crushed, the VIX printing a low of 19.91, and settling -18.4% to 21.04. 

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