The market's biggest single-day surge in months followed a ceasefire that still hasn't actually opened the Strait of Hormuz. The psychology of relief is one of the most well-documented sources of inve

The TSX closed up 383 points at 33,620 on Wednesday -- a broad relief rally driven by the US-Iran ceasefire announcement. The S&P 500 gained 2.52%, the Dow added 1,329 points, and the Nasdaq rose 2.82

The S&P 500 closed up for a seventh straight session, the longest streak since October 2025 -- on a day WTI crude rose roughly 6% back toward $100, software shares sold off inside the rally, and Iran

The ceasefire produced an immediate relief rally: S&P 500 futures up 2.7%, Nasdaq futures up 3.5%, oil down 14-16% overnight after Trump announced the two-week Islamabad Accords late Tuesday

Trump has set an 8 PM ET deadline tonight for Iran to reopen the Strait of Hormuz or face strikes on its power plants and bridges -- the third deadline he has issued and extended since the conflict be

TSX is up 0.27% in morning trading, sitting near 33,196, with financials leading gains -- RBC, TD, BMO, and CIBC all advancing between 0.65% and 0.9%. Energy is broadly flat despite oil edging slightl

Brent crude closed near $106, down nearly 3%, on the same session in which U.S. forces struck Kharg Island, Iran's primary oil export terminal. Oil moving down on confirmed physical destruction of Ira

One year ago today, the S&P 500 had already fallen 10% from Liberation Day's announcement, and investors were panic-selling into one of the fastest market drops in decades

The S&P 500 is down 5.1% year-to-date as Liberation Day tariffs took effect April 2 under a new Section 301 framework. The "Sell America" trade that emerged one year ago has become a structural realit

The U.S. added 178,000 jobs in March, triple the consensus estimate, but the number landed on Good Friday when equity markets were closed. By today's open, Iran had consumed all the oxygen. The strong

The ceasefire cycle ran its full course in four days. Markets rallied Tuesday and Wednesday on Trump's claim that Iran requested a ceasefire, then reversed hard Thursday morning after his prime-time a

Trump promised more strikes, not a ceasefire. In his prime-time address Wednesday, Trump said the U.S. will "hit them extremely hard over the next two to three weeks" and vowed no ceasefire until the

After five weeks of losses and a 7% S&P 500 decline, markets have posted two sharp consecutive gains totalling more than 5% on Iran ceasefire signals, a pattern that behavioural research identifies as