Pre-market briefing Pre-Market Briefing — April 8, 2026
Today at a Glance
Market Sentiment
Futures are surging ahead of today's US market open. Roughly two hours before the expiration of the ultimatum set by President Trump last night, the US and Iran agreed to a two-week ceasefire, resulting in a temporary reopening of the Strait of Hormuz. S&P 500 futures are jumping +2.67%, Nasdaq futures are up +3.48%, and Dow futures are up +2.54%. WTI crude oil has collapsed 14.3% to $96.83 per barrel, falling back below $100, while Brent crude has also dropped 13.3%. Asian markets cheered the news, with the Nikkei up +4.8% and the KOSPI posting a strong rebound of +5.6%. Jakarta Post
Today's Events
Yesterday's Close Review
US stocks closed mixed on Tuesday (April 7) amid extreme volatility as the deadline on the Iran ultimatum approached. The S&P 500 plunged 1.2% intraday before rebounding on hopes for diplomatic mediation, finishing marginally higher at +0.08% (6,616.85), while the VIX surged 8.46% to 25.89. The Fear & Greed Index remained at 22, signaling extreme fear. Yesterday's Market Recap
Stocks to Watch
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