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Market Rallies 4% Amid Middle East Peace Efforts

4/18/2026

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Story summary
  • CNBC's Jim Cramer attributed a roughly 4% rally in major indices on April 17, 2026 to Middle East peace efforts, especially Iran reopening the Strait of Hormuz.
  • Cramer highlighted upcoming earnings from Alaska Air, RTX, Boeing, and Tesla as potential market movers.
  • He noted Vertiv has had a strong run and cautioned investors.
  • He also cited American Express and Lockheed Martin as key stocks to watch amid market uncertainties.