U.S. equities futures jump after President Trump cancels planned Iran strikes and announces new negotiations, easing geopolitical tensions.
Dow Jones Industrial Average futures climbed 0.8%, or about 550 points, after President Donald Trump called off additional military strikes on Iran and indicated talks would resume Monday. The move reduced geopolitical risks that had weighed on markets earlier in the week.
S&P 500 futures rose 0.5% in pre-market trading, recovering from losses tied to escalating Middle East tensions. Oil prices fell sharply in response, reversing earlier gains as the prospect of de-escalation reduced supply disruption fears.
The rally follows a volatile session where equities initially dipped on reports of U.S. airstrikes in Iran before rebounding on Trump’s announcement.