* Futures up: Dow 0.66%, S&P 500 0.68%, Nasdaq 0.86%
* Trump declares Iran ceasefire extension
* GE Vernova ( GEV ), Boeing ( BA ) rise after results
(Updates before market open)
By Avinash P and Niket Nishant
April 22 (Reuters) - Wall Street's main indexes were on
course to open higher on Wednesday after U.S. President Donald
Trump extended the ceasefire with Iran, even as uncertainty
remained over whether Iran and U.S. ally Israel would honor the
truce.
Trump said the indefinite extension of the ceasefire
followed a request by Pakistani mediators. However, the U.S.
Navy's blockade of Iranian ports remained in effect, and Iran
seized two ships in the Strait of Hormuz, a vital oil shipping
route.
The bullish sentiment points to a market desperate to cling
to good news, and reflects investor belief that despite
setbacks, the war will be settled at the negotiating table
instead of the battlefield.
"At some stage, this rally is going to come to a halt. But I
don't think that the majority of investors feel that way at
all," said David Morrison, senior market analyst at Trade
Nation.
At 8:31 a.m. ET, Dow E-minis rose 326 points, or
0.66%, S&P 500 E-minis gained 48.25 points, or 0.68%,
and Nasdaq 100 E-minis advanced 229.25 points, or 0.86%.
Risks of an inflation flare-up remain, with oil prices 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."
EARNINGS LIFT SENTIMENT
Investors were also scrutinizing a fresh batch of quarterly
reports as the earnings season gathered pace. A strong run of
earnings so far has reassured markets 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.
GE Vernova ( GEV ) advanced 7.5% in premarket trading after
the power equipment maker raised its annual revenue forecast.
Medical device maker Boston Scientific's ( BSX ) shares were up
1.3%.
United Airlines added 1.2% after reporting
first-quarter earnings. Shares of planemaker Boeing ( BA ) rose
3.9% after a smaller-than-expected quarterly loss.
EV giant Tesla, chipmaker Texas Instruments ( TXN )
and Southwest Airlines ( LUV ) will report after markets close.
Adobe was 3.1% higher after it unveiled a share
repurchase program worth up to $25 billion.
Seagate ( STX ) jumped 3.8% after Barclays upgraded the data
storage firm's rating to "overweight".
Crypto-related stocks gained, with Coinbase Global ( COIN )
and Strategy up 4.5% and 6.4%, respectively.
(Reporting by Niket Nishant and Avinash P in Bengaluru; Editing
by Devika Syamnath)