Major US stock indices opened higher following news of a US-Iran ceasefire extension. The Dow Jones Industrial Average rose 340.42 points (0.69%) to 49,489.80 as of 9:51 AM ET.
The S&P 500 gained 46.04 points (0.65%) to 7,110.05. The Nasdaq Composite was up 186.19 points. Markets reacted to the geopolitical development.
According to Chosun, the announcement from former President Trump regarding the extended truce provided a boost to investor sentiment at the market open.
The report indicates the move eased immediate geopolitical tensions, contributing to the positive start for Wall Street on Tuesday.
Global markets, including those in Asia, are likely monitoring the situation for potential ripple effects on commodities and other asset classes.