The New York Times reported late Tuesday that the U.S. has shared a plan with Iran to end the conflict, raising traders' hopes that the war could conclude soon.
U.S. stock futures rose Tuesday night following a news report that the U.S. has given Iran a plan that could bring the conflict to an end.
S&P 500 futures
and Nasdaq 100 futures
advanced 0.7% and 0.9%, respectively. Futures tied to the Dow Jones Industrial Average
gained 320 points, or 0.7%.
On Wednesday, the major averages rose on traders' hopes that there would soon be a resolution to the conflict in the Middle East.
President Donald Trump extended the U.S. ceasefire with Iran on Tuesday afternoon.
Stocks reversed course from their lows Monday and closed higher across the board after Trump gave signs that an end may be in…
The major averages staged a relief rally on Monday after President Trump said that the U.S. and Iran have had "productive" talks.
Wall Street is coming off a losing session in which higher oil prices and spiking Treasury yields weighed on equities.
Stocks extended their rally on Thursday after President Donald Trump agreed to a two-week ceasefire with Iran.
