Oil prices tumbled over 13% after President Trump announced a temporary US‑Iran ceasefire, easing energy‑inflation concerns.
S&P 500, Nasdaq 100 and Dow futures jumped 2.7%, 3.5% and 2.6% respectively, boosting market sentiment.
Energy giants Chevron and Exxon Mobil fell sharply, while Levi Strauss rose after raising its annual EPS and revenue outlook.
Airlines, gold miners, financials and the Magnificent Seven stocks all posted gains in pre‑market trading.