{"id":1252878,"date":"2026-04-08T11:48:59","date_gmt":"2026-04-08T08:48:59","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1252878"},"modified":"2026-04-08T22:53:00","modified_gmt":"2026-04-08T19:53:00","slug":"ceasefire-ignites-market-rally","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/ceasefire-ignites-market-rally\/","title":{"rendered":"Ceasefire Ignites Market Rally"},"content":{"rendered":"

A ceasefire in the Middle East has stocks and crypto roaring higher on Wednesday morning. The Daily Breakdown digs into the rally.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

What’s Happening?<\/b><\/h2>\n

Markets were under pressure at one point on Tuesday, but US stocks and major cryptocurrencies finished the session mostly unchanged as concerns about further escalation were offset by hopes for a ceasefire. Ultimately, the latter prevailed, and markets are reacting accordingly.<\/span><\/p>\n

The <\/span>QQQ<\/span><\/a> ETF is up 3.5% this morning, while S&P 500 ETFs such as <\/span>VOO<\/span><\/a>, <\/span>IVV<\/span><\/a>, and <\/span>SPY<\/span><\/a> are higher by nearly 3%. Bitcoin has reclaimed $70,000, Ethereum has moved above $2,250, and gold has rallied past $4,800.\u00a0<\/span><\/p>\n

\ud83d\udc40 S&P 500 Spotlight<\/b><\/h4>\n

Oil-sensitive names are surging this morning, with airlines including Delta Air Lines<\/a>, Southwest<\/a>, and United<\/a> each up more than 10%. Cruise operators such as Royal Caribbean<\/a>, Norwegian Cruise Line<\/a>, and Carnival<\/a> are also posting notable gains.<\/span><\/p>\n

Inflation Update<\/b><\/h4>\n

The February PCE report will be released tomorrow at 8:30 a.m. ET. This is the Fed\u2019s preferred inflation gauge, particularly core PCE, although it will not fully reflect the recent spike in energy prices. The same cannot be said for the March CPI report, which will be released Friday morning at 8:30 a.m. ET. By the end of the week, markets should have a much clearer read on inflation.<\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 QQQ<\/b><\/h2>\n
\"Daily
Chart as of 8:00 a.m. ET on 4\/8\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

The QQQ chart above reflects this morning\u2019s rally, showing the ETF reclaiming the $590 to $595 zone. That area served as support through February and the first half of March, and it also lines up with the 200-day moving average. Going forward, bulls will want to see QQQ hold this zone on any pullbacks. For now, key resistance \u2014 and the all-time high \u2014 remains near $635.<\/span><\/p>\n

Options<\/b><\/h4>\n

Investors who are bullish could consider calls or call spreads as one way to speculate on further upside, while bearish investors could consider puts or put spreads to speculate on a further move to the downside. For options traders, it may be advantageous to have adequate time until the option\u2019s expiration.\u00a0<\/span><\/p>\n

To learn more about options, consider visiting the <\/span>eToro Academy<\/span><\/a>.<\/span><\/p>\n

What Wall Street’s Watching<\/h2>\n

USO<\/b><\/p>\n

Oil prices are tumbling, with crude futures down more than 17% this morning to $93 a barrel. That has the oil-focused <\/span>USO<\/span><\/a> ETF down big this morning too, along with the energy sector \u2014 <\/span>XLE<\/span><\/a> \u2014 and top energy stocks like Exxon Mobil<\/a>, ConocoPhillips<\/a>, and Occidental Petroleum<\/a>. <\/span>Check out the chart for USO<\/span><\/a>.\u00a0<\/span><\/p>\n

DAL<\/b><\/p>\n

Alongside the move in oil, Delta Air Lines also reported its first-quarter results this morning. Revenue of $15.9 billion topped estimates of $14.9 billion, while earnings of 64 cents per share beat expectations of 62 cents a share. However, the company expects fuel costs to rise by more than $2 billion through June due to the Iran war, while management left its full-year outlook unchanged because of the uncertainty. <\/span>Dig into the fundamentals for DAL<\/span><\/a>. <\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

A ceasefire in the Middle East has stocks and crypto roaring higher on Wednesday morning. The Daily Breakdown digs into the rally. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1252878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown: Ceasefire Ignites Market Rally<\/title>\n<meta name=\"description\" content=\"A ceasefire in the Middle East has stocks and crypto roaring higher on Wednesday morning. 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