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Stocks rally and oil prices drop following ceasefire announcement

Stocks jumped and oil prices fell on Wednesday following President Trump's announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.

Published April 8, 2026, 11:37 PM

Updated April 8, 2026, 11:44 PM4.1K

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Stocks rally and oil prices drop following ceasefire announcement

Stocks jumped and oil prices fell on Wednesday following President Trump's announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.

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