11:53 AM EDT, 04/01/2026 (MT Newswires) -- US equity indexes extended gains and crude oil futures fell in midday trading on Wednesday after President Donald Trump reportedly said the Iran war will end in 2 to 3 weeks.

The Nasdaq Composite jumped 1.6% to 21,924.9, with the S&P 500 up 1% to 6,597.1 and the Dow Jones Industrial Average higher by 0.9% to 46,762.5. All three indexes were up sharply on Tuesday amid expectations that the Iran war is coming to an end.

All sectors rose except energy and consumer staples intraday. Industrials, communication services, and technology topped the gainers.

Trump plans to deliver an "important update on Iran" on Wednesday night as he expects to wrap up the Iran war in "two weeks, maybe three," multiple media sources reported on Wednesday. The US has achieved its goals in Iran, Trump said, primarily that of curtailing its ability to obtain a nuclear weapon, BBC reported.

West Texas Intermediate crude oil futures dropped 1.6% to $99.80, and Brent crude futures slid 1.8% to $102.04.

Most US Treasury yields fell, with the two-year and ten-year each down by less than one basis point to 3.79% and 4.31%, respectively.