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* Futures up: Dow 0.35%, S&P 500 0.44%, Nasdaq 0.58%
April 22 (Reuters) - Wall Street futures rose on
Wednesday after U.S. President Donald Trump extended the
ceasefire with Iran indefinitely, even as uncertainty remained
over whether Tehran and U.S. ally Israel would honor the truce.
At 4:37 a.m. ET, Dow e-minis rose 171 points, or
0.35%, S&P 500 E-minis gained 31 points, or 0.44%, and
Nasdaq 100 E-minis added 155.5 points, or 0.58%.
The bullish sentiment points to a market desperate for good
news, with investors clinging to the view that peak uncertainty
has passed, despite risks that inflation could flare up.
The S&P 500 and the Nasdaq Composite hit
record highs in recent days even though oil prices remain near
the $100-a-barrel mark.
"The peace process is looking wobbly again as some of the
difficult realities of the war come to the fore," said Kyle
Rodda, senior financial market analyst at Capital.com.
"The risk is (that) Iran's domestic political dynamics and
strategic tensions between the U.S. and Iran -- not to mention
Israel -- maintain an inertia towards escalation."
Trump said in a statement on social media the U.S. had
agreed to a request by Pakistani mediators "to hold our Attack
on the Country of Iran until such time as their leaders and
representatives can come up with a unified proposal ... and
discussions are concluded, one way or the other."
Investors were also set to scrutinize a fresh batch of
earnings reports, with planemaker Boeing ( BA ) and medical
device maker Boston Scientific ( BSX ) among the companies
reporting results before market open.
Boeing ( BA ) shares rose 2.6% in premarket trading, while Boston
Scientific ( BSX ) was up 1.2%.
EV giant Tesla, chipmaker Texas Instruments ( TXN )
and Southwest Airlines ( LUV ) will report after market close.
Earnings so far have reassured investors about the health of
the U.S. consumer, the growth engine of the economy. S&P 500 EPS
estimates for 2026 and 2027 have risen by 4% since late January,
according to data from Goldman Sachs.
Adobe was 2.8% higher after it unveiled a share
repurchase program worth up to $25 billion.
Crypto-related stocks gained, with Coinbase Global ( COIN )
and Strategy up 4% and 5.6%, respectively.
(Reporting by Niket Nishant in Bengaluru; Editing by Devika
Syamnath)