Dow futures jump 1,100 points as Trump declares ceasefire

US stock futures surged early Wednesday after President Donald Trump announced a two-week ceasefire with Iran, contingent on reopening the Strait of Hormuz. As of 6 am ET, Dow futures jumped over 1,100 points, S&P futures rose 2.6%, and Nasdaq 100 futures gained more than 3.3%, reflecting investor optimism amid easing geopolitical tensions.