12:11 PM EDT, 04/08/2026 (MT Newswires) -- US equity indexes jumped as a conditional two-week ceasefire agreement with Iran boosted investor confidence and eased geopolitical tensions.

The Nasdaq Composite surged 2.8% to 22,637.4, the S&P 500 soared 2.4% to 6,774.5, and the Dow Jones Industrial Average catapulted 2.8% to 47,893.2.

All sectors except energy rose intraday. Industrials, consumer discretionary, and technology led the gainers.

Pakistan's prime minister invited delegations from Iran and the US to Islamabad for talks on Friday, CNN reported. Trump's special envoy Steve Witkoff, son-in-law Jared Kushner, and Vice President JD Vance are expected to attend to reach a final settlement with Tehran.

Meanwhile, President Donald Trump suggested the US may be involved in securing the critical Strait of Hormuz waterway in a "joint venture" with Iran, the news report said. Tehran said its military will coordinate the passage of ships.

West Texas Intermediate crude oil futures sank 18% to $92.69, and Brent crude futures plunged 16% to $92.34.