Traders work on the floor of the New York Stock Exchange (NYSE) before the closing bell on April 8, 2026, in New York City.
Charlie Tribalew | AFP | Getty Images
U.S. stock futures were little changed Wednesday night after a sharp rebound following President Donald Trump’s decision to suspend attacks on Iran for two weeks.
S&P500 futures and Nasdaq 100 futures It fell 0.1%. Futures linked to the Dow Jones Industrial Average It fell 32 points, or less than 0.1%.
At Wednesday’s regular meeting, S&P500 rose 2.51%, Nasdaq Composite It rose 2.8%. of Dow It rose more than 1,300 points, or 2.85%, the highest day since April 2025, when President Trump softened his stance on some of his original high tariffs.
On Tuesday night, President Trump agreed to pause attacks on Iran. The conflict in the Middle East has been going on for five weeks, resulting in the closure of the vital Strait of Hormuz.
In a post on Truth Social, President Trump said, “We agree to a two-week moratorium on bombing and attacks on Iran.” “We have received a 10-point proposal from Iran that we believe provides a viable basis for negotiations.”
However, the “two-sided” ceasefire was conditional on Iran agreeing to reopen the strait. Iran has agreed to reopen the waterway for the next two weeks as long as all attacks stop, according to a statement from Iran’s foreign minister. According to media reports, Israel has also agreed to a ceasefire.
But late Wednesday, Iranian Parliament Speaker Mohammed Bagher Ghalibaf accused the US of already violating the ceasefire agreement. He said the violations included Israel’s continued attacks on Lebanon, the intrusion of Iranian airspace by drones, and the denial of the Islamic Republic’s right to enrich uranium.
Although markets rebounded on Wednesday, there are still potential pitfalls surrounding Middle East negotiations, said Eric Johnston, chief equity and macro strategist at Cantor Fitzgerald. He spoke on CNBC’s “Closing Bell: Overtime” Wednesday afternoon.
“From a short-term perspective, I think the risks are still there,” he said. “There are a lot of players involved and Holmes is not open at the moment. So there’s still some risk, so we’ll see how this plays out over the next few weeks. But certainly, broadly speaking, we think this is a buying opportunity.”
Several catalysts await traders Thursday morning. First, there’s the 8:30 a.m. reading of the Personal Consumption Expenditure Price Index, the Federal Reserve’s preferred measure of inflation. Weekly unemployment insurance claims are also due.
