U.S. stock futures trended higher on Wednesday morning as President Donald Trump extended the ceasefire with Iran, easing fears of an immediate escalation in the Middle East. Futures on the Nasdaq 100 (NDX), the S&P 500 Index (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.93%, 0.74%, and 0.75%, respectively, at 8:30 a.m. EDT on April 22.
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New trading tool for QQQ bullsTrump extended the ceasefire, saying it is needed as the Iranian government is “seriously fractured” and the country’s leadership and representatives need time to present a “unified proposal” to resolve the conflict. Oil prices rose in reaction to the extension of the ceasefire. At the time of writing, the international benchmark Brent crude (CM:BZ) rose 0.60% at $99.07 per barrel, while WTI crude (CM:CL) gained 0.36% to $89.99.
Meanwhile, all eyes are on electric vehicle (EV) giant Tesla’s (TSLA) first-quarter results after the market close today. Investors will mainly focus on management’s commentary on the EV demand backdrop and robotaxi expansion timelines.
Major indices closed lower on Tuesday amid persistent tensions in the Middle East. The S&P 500 fell 0.63%, while both the Dow Jones and the Nasdaq Composite declined by 0.59% each.
Turning to trending stocks, GE Vernova (GEV) shares jumped about 8% in Wednesday’s pre-market trading after the energy tech company announced strong Q1 results. Also, Boeing (BA) stock was up more than 4% after the aircraft maker announced a narrower-than-expected loss for the first quarter of 2026.
In contrast, Vertiv Holdings (VRT) stock fell about 3% despite the AI infrastructure company reporting market-beating Q1 results. The company’s business in Europe, the Middle East, and Africa (EMEA) continued to be under pressure.
Meanwhile, Adobe (ADBE) stock rose 3% in pre-market trading after the software company announced a $25 billion stock buyback program through April 2030.