NEW YORK: US stocks closed sharply higher on Wednesday after a last-minute, two-week ceasefire agreement between the United States and Iran lifted investor sentiment. So you're seeing that relief rally in the hardest-hit areas of the market." Of the 11 major sectors in the S&P 500, eight jumped 2% or more, with industrials leading the pack. On the Nasdaq, 3,582 stocks rose and 1,174 fell as advancing issues outnumbered decliners by a 3.05-to-1 ratio. The S&P 500 posted 21 new 52-week highs and 5 new lows while the Nasdaq Composite recorded 133 new highs and 57 new lows.

Source: The Star April 09, 2026 05:35 UTC