Closing Bell Overtime: Dow Has Best Day In a Year As Stocks Rally Following Temporary Ceasefire 4/8/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 8 April 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cantor Fitzgerald’s Eric Johnston and Capital Area Planning Group’s Malcolm Ethridge debate a key question: how real is this rally and can it hold. Jonathan Krinsky of BTIG walks through the technical picture and what the charts say about the rally. Our Kristina Partsinevelos examines rising competition out of China and whether it poses a real threat to Nvidia and the broader semiconductor trade. Sarah Bianchi of Evercore on historical parallels to the Iran ceasefire and lessons for investors. Eric Rosengren, former Boston Fed President, breaks down how the Fed should respond as the economy, inflation and geopolitical risks collide. Plus, a check on private credit downgrades and bank earnings with our Leslie Picker.

Transcript

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0:00.0	Go human X.
0:03.7	The bell is bringing an end to the trading day at the NYSC Human X ringing the bell and at the NASDAQ.
0:09.9	Daktronics doing the honors.
0:11.7	Welcome to Closely Bell overtime, live from Studio B at the NASDAQ market site.
0:15.5	I'm Mike Santoli.
0:16.5	Melissa Lee is off today.
0:18.4	A big rally on Wall Street as the U.S. and Iran agreed to a two-week ceasefire.
0:23.1	The Dow up 1,300 points having its best day in nearly a year, the S&P 500 and NASDAQ extending their winning streaks to six days.
0:32.4	The S&P up two and a half percent.
0:34.1	But this only brings us back to the same index levels from early March shortly after
0:38.4	the war began. Over the next hour, we'll be talking to market watchers, technicians, and political
0:43.4	strategists asking the questions you want to know. Can you trust this rally? And can you trust this
0:48.6	ceasefire? But we begin with the numbers. Seema Modi is looking at some of the big movers on the day.
0:53.9	Hello, Sima. Hey, Mike, a nearly 3% gain for the NASDAQ today. Tech stocks really witnessing a sharp reversal
1:00.0	details of the U.S.-Iran ceasefire agreement are merging, and investors responding with hyperscalers like meta, alphabet, all gaining on the day.
1:08.0	Memory names like Micron up nearly 8%. And with today's gains, Intel
1:12.5	now higher by 32% just in the month of April following news of its partnership with Elon Musk's
1:18.4	tariffab. Industrials with energy exposure also joined the market rally today. This as investors
1:23.7	count down to earnings from Caterpillar Cummins and Boeing unofficially earning season getting
1:28.5	kicked off next week. The plunge, though, in oil prices, sending airlines and cruise lines higher.
1:34.2	We saw Carnival the best performing stock on the S&P 500 today, up over 11%. William Blair analysts believe
1:41.6	its best position than its competitors on hedging oil.
	...

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