Markets pop as Trump hits the pause button on Iran

Morning mood swing

Wall Street woke up in full whiplash mode: after Tuesday’s drop, U.S. futures turned green once President Donald Trump extended the Iran ceasefire. Translation: the market got one fewer “uh-oh” headline to obsess over before the opening bell.

Why traders care

When geopolitics gets less spicy, investors start relaxing their grip on the emergency lever. That’s especially relevant here because oil prices had been the big anxiety monster in the room. If the ceasefire holds, crude may have a little more room to cool off, and that can help ease pressure on inflation expectations and bond yields.

The ticker parade

The article also had a few big names in the spotlight:

• Tesla was heading into earnings after the close, with Wall Street looking for $0.37 a share on $22.71 billion in revenue.
• Boeing was set to report before the open, with analysts expecting a loss of $0.84 a share.
• United Airlines had already posted first-quarter results that beat expectations, which is exactly the kind of thing that can give a travel stock a little swagger.
• AT&T and GE Vernova were also on the earnings watchlist.

Big picture

This is one of those days where the macro headline does most of the heavy lifting. If the Middle East risk premium keeps shrinking, you could see the market breathe easier — and if oil stays contained, the whole inflation/rates narrative gets a little less dramatic. Which, in 2026, is about as close to good news as investors can reasonably ask for.