U.S. futures moved higher on Wednesday after President Donald Trump announced an indefinite extension of the ceasefire with Iran. The decision helped alleviate investor concerns about a possible escalation in U.S.-Iran hostilities that had weighed on markets.
At 4:52 p.m. (Bangkok Time), contracts linked to the S&P 500 index increased by 0.64%, while futures tracking the Nasdaq 100 were up 0.84%. Dow Jones Industrial Average futures climbed 0.54%.
Investor sentiment had been under pressure amid doubts over whether the U.S. and Iran would secure a long-term peace agreement. The initial ceasefire was set to expire on Wednesday, raising fears of renewed conflict. Soon after the previous market session closed, President Trump extended the U.S. ceasefire, citing divisions within Iran’s leadership as justification for the move.
Although the extension offered a degree of respite for financial markets, uncertainty lingers. Iranian authorities have labeled negotiations as futile, criticizing the U.S. for failing to honor earlier commitments.
Meanwhile, commercial shipping remains disrupted in the strategically important Strait of Hormuz, as both sides maintain strict warnings against vessel movement. Oil futures fluctuated within a narrow range after indications that Iran had seen potential signs of flexibility from the U.S. regarding the ongoing blockade.
On the earnings front, investors are awaiting financial results from Tesla, AT&T, and Boeing, all scheduled to report later in the day.
