U.S. stock futures jumped after President Donald Trump said he was suspending Iran attacks for two weeks just ahead of his 8 p.m. ET deadline, pausing a five-week conflict that has closed a crucial waterway for global energy supply and sent equity prices reeling.

Futures tied to the Dow Jones Industrial Average

rose by 718 points, or 1.5%. S&P 500 futures

added 1.6%, and Nasdaq 100 futures

climbed 1.7%.