
How the ‘TACO' trade went from a light-hearted Wall Street joke to a serious moneymaker
Since the start of President Trump's second term, nine of the 10 top days for the S&P 500 have been spurred by de-escalation either involving tariffs or Iran.
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Since the start of President Trump's second term, nine of the 10 top days for the S&P 500 have been spurred by de-escalation either involving tariffs or Iran.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Stocks are surging on a 2-week Iran ceasefire, but is this the all-clear or just a relief rally? What's safe to buy right now?

US stocks surged on Wednesday, capping a powerful global rally after a last-minute ceasefire agreement between the United States and Iran eased geopolitical tensions and triggered a sharp drop in oil prices. The two-week truce, announced by US President Donald Trump just hours before a self-imposed deadline for escalation, helped restore investor confidence after weeks of volatility driven by conflict in the Middle East.

Treasury bond trading surged to record daily volumes in March, averaging $1.4 trillion amid heightened geopolitical risks and shifting rate expectations. Primary Dealers now hold a record $510 billion in Treasuries, expanding positions as new SLR standards enable greater balance sheet flexibility.

A last-minute ceasefire pulls us back from the brink

Today's Executive Summary — April 8, 2026: Market and Industry Outlook Geopolitics and Oil Volatility The US-Iran ceasefire is considered "fragile," as kinetic action continues in the Gulf, keeping the crucial Strait of Hormuz closed. Overnight, oil prices (Brent and WTI) dropped 16%, suggesting potential short-term relief at the gas pump for consumers.

Sam Vadas and Alex Coffey offer a closer look into headlines that slipped under the main development on the U.S.-Iran ceasefire. Among Sam and Alex's picks: a South Korean-led tech rally and Wall Street gearing up for the true start to a new earnings season.

Bloomberg's Caroline Hyde and Ed Ludlow discuss the rally in tech stocks and fall in energy prices as markets react to a two-week ceasefire deal between the US and Iran. Plus, Anthropic is giving tech firms early access to its new Mythos model to get ahead of possible cyberattacks that could wreak havoc.

Tom Lee, Fundstrat, joins 'Closing Bell' to discuss what's next for equity markets, if the Iran war changed market predictions and much more.

Iran's plans to impose tolls on tankers passing through the Strait of Hormuz is turning the key waterway into a financial battlefield.

Eric Rosengren, Fmr. Boston Fed President, joins 'Closing Bell Overtime' to talk the ripple effects of the energy shock, what is on the Federal Reserve's plate right now, and more.

Mike Schumacher, Wells Fargo Securities Head of Macro Strategy, joins 'Fast Money' to talk the day's market rally and why bonds did not see the same reaction as equities and oil.

One of the strongest single-session gains by the stock market in months arrived Wednesday. Investors clearly showed relief that the U.S. would take at least two weeks to consider a peace plan with decades-long enemy Iran.

CNBC's Jim Cramer said Wednesday's rally revealed to investors what companies are worth buying and which to avoid. Cramer pointed to Sherwin-Williams, Caterpillar, Home Depot and Goldman Sachs as some of the Dow's biggest gainers in Wednesday's session.