07:40 AM EDT, 04/01/2026 (MT Newswires) -- The main US stock measures were pointing higher in Wednesday's premarket activity as investors assess President Donald Trump's remarks that the US may end its military campaign against Iran soon.

The S&P 500 and the Dow Jones Industrial Average rose 0.5% each before the opening bell, while the Nasdaq added 0.7%. The indexes finished Tuesday's trading session in the green, logging their biggest one-day gains since May.

US markets will be closed on Friday for the Good Friday holiday.

Trump told reporters at the White House on Tuesday that he expects US military forces to leave Iran in two to three weeks, according to several media outlets. "We'll be leaving very soon," Trump reportedly said. "We'll leave because there's no reason for us to do this."

White House Press Secretary Karoline Leavitt said in a post on X that Trump will address the nation "to provide an important update on Iran" at 9 pm ET on Wednesday.

Iranian President Masoud Pezeshkian told European Union Council president Antonio Costa that Iran has "the necessary will to end this war," but expects certain guarantees in exchange, various publications reported, citing Iranian state media.

Earlier in the week, The Wall Street Journal reported that Trump was willing to end the war even if the Strait of Hormuz -- the world's most important chokepoint for crude flows -- remains largely closed.

West Texas Intermediate crude oil declined 1.5% to $99.91 a barrel in premarket action, while Brent edged down 0.3% to $103.83. US gasoline prices surged past $4 per gallon on Tuesday.

Higher oil prices have come at a time when inflation in the US already has been "too high for too long," Kansas City Federal Reserve President Jeff Schmid said Tuesday. "I don't think we can be complacent about the risks to inflation expectations," according to Schmid. "With inflation already running hot, now is not the time to assume that the inflation from higher oil prices will be transitory."

Treasury yields were down before the open, with the two-year rate retreating 3.5 basis points to 3.76% and the 10-year rate off 2.6 basis points to 4.29%.

Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the ADP Employment report for March at 8:15 am. The delayed retail sales report for February is out at 8:30 am.

The final Purchasing Managers' manufacturing index for March posts at 9:45 am, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am. The weekly EIA domestic petroleum inventories report is due at 10:30 am.

Federal Reserve Governor Michael Barr is scheduled to speak at 9:10 am, while St. Louis Fed President Alberto Musalem speaks at 9:05 am.

Shares of Nike ( NKE ) dropped 10% pre-bell after the sportswear giant said it expects revenue to decline in its fiscal fourth quarter year over year amid persistent weakness in China. Tesla (TSLA) increased 1.3% while Boeing ( BA ) rose 1.2%.

Conagra Brands ( CAG ) , Lamb Weston ( LW ) , MSC Industrial Direct ( MSM ) , Unifirst ( UNF ) and Cal-Maine Foods ( CALM ) report their latest financial results before the bell, among others.

Gold inclined 1.5% to $4,716 per troy ounce, while bitcoin moved 0.9% higher to $68,438.