U.S. stock futures climbed Wednesday after President Trump announced an extension of the U.S. truce with Iran. Contracts tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq rose more than 0.5% each, as investors welcomed the diplomatic development. Oil prices held steady around $98 a barrel, easing concerns about energy price spikes.

Trump said the U.S. would extend the ceasefire until Iran presents "a unified proposal" for peace. While a formal deal remains uncertain, markets are treating the extension as a positive signal. The diplomatic clarity—however temporary—is enough to keep bulls in control amid an otherwise tense geopolitical backdrop.

Traders appear more focused on avoiding missed opportunities than on geopolitical risks. The fear of missing out has overridden concerns about buying at elevated levels, with the S&P 500 trading near record highs. Boeing and AT&T report before the bell today, while Tesla headlines the afternoon batch of results.