The facade of the New York Stock Exchange (NYSE) is pictured before the closing bell in New York City on April 8, 2026. Wall Street stocks surged, joining a global equity rally after the US-Iran truce sent oil prices sharply lower. The Dow Jones Industrial Average finished at 47,909.92, rising more than 1,300 points or 2.9 percent. The broad-based S&P 500 jumped 2.5 percent to 6,782.81, while the tech-rich Nasdaq Composite Index advanced 2.8 percent to 22,634.99. (Photo by CHARLY TRIBALLEAU / AFP via Getty Images)

Traders work on the floor of the New York Stock Exchange (NYSE) before the closing bell in New York City on April 8, 2026. Wall Street stocks surged on April 8, joining a global equity rally after the US-Iran truce sent oil prices sharply lower. The Dow Jones Industrial Average finished at 47,909.92, rising more than 1,300 points or 2.9 percent. (Photo by CHARLY TRIBALLEAU / AFP via Getty Images)

Traders work on the floor of the New York Stock Exchange (NYSE) before the closing bell in New York City on April 8, 2026. Wall Street stocks surged on April 8, joining a global equity rally after the US-Iran truce sent oil prices sharply lower. The Dow Jones Industrial Average finished at 47,909.92, rising more than 1,300 points or 2.9 percent. (Photo by CHARLY TRIBALLEAU / AFP via Getty Images)

A trader works on the floor of the New York Stock Exchange (NYSE) before the closing bell in New York City on April 8, 2026. Wall Street stocks surged on April 8, joining a global equity rally after the US-Iran truce sent oil prices sharply lower. The Dow Jones Industrial Average finished at 47,909.92, rising more than 1,300 points or 2.9 percent. (Photo by CHARLY TRIBALLEAU / AFP via Getty Images)

A trader works on the floor of the New York Stock Exchange (NYSE) before the closing bell in New York City on April 8, 2026. Wall Street stocks surged on April 8, joining a global equity rally after the US-Iran truce sent oil prices sharply lower. The Dow Jones Industrial Average finished at 47,909.92, rising more than 1,300 points or 2.9 percent. (Photo by CHARLY TRIBALLEAU / AFP via Getty Images)

Traders work on the floor of the New York Stock Exchange (NYSE) before the closing bell in New York City on April 8, 2026. Wall Street stocks surged on April 8, joining a global equity rally after the US-Iran truce sent oil prices sharply lower. The Dow Jones Industrial Average finished at 47,909.92, rising more than 1,300 points or 2.9 percent. (Photo by CHARLY TRIBALLEAU / AFP via Getty Images)

Traders work on the floor of the New York Stock Exchange (NYSE) before the closing bell in New York City on April 8, 2026. Wall Street stocks surged on April 8, joining a global equity rally after the US-Iran truce sent oil prices sharply lower. The Dow Jones Industrial Average finished at 47,909.92, rising more than 1,300 points or 2.9 percent. (Photo by CHARLY TRIBALLEAU / AFP via Getty Images)

A trader works on the floor of the New York Stock Exchange (NYSE) before the closing bell in New York City on April 8, 2026. Wall Street stocks surged on April 8, joining a global equity rally after the US-Iran truce sent oil prices sharply lower. The Dow Jones Industrial Average finished at 47,909.92, rising more than 1,300 points or 2.9 percent. (Photo by CHARLY TRIBALLEAU / AFP via Getty Images)