Dow Futures Soar 1,100 Points, Oil Tanks Over 16% As Trump Declares Iran Ceasefire — AEHR, TSLA, INTC, DAL Among Stocks Trending Pre-Market Today

• The U.S.-Iran ceasefire is contingent on the Iranian government reopening the Strait of Hormuz.
• President Trump said the U.S. received a 10-point proposal from Iran and that the two-week period will allow the agreement between the two countries to be finalized.
• At the time of writing, U.S. West Texas Intermediate crude futures maturing in May were down more than 16%, falling to $95 per barrel.

U.S. stock futures soared early Wednesday after President Donald Trump announced a two-week ceasefire between the United States and Iran.

The U.S.-Iran ceasefire was announced on Wednesday, two hours before President Trump’s 8 p.m. deadline, on the condition that the Iranian government reopens the Strait of Hormuz.

“The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East,” President Trump stated in a post on Truth Social. 

He added that the U.S. received a 10-point proposal from Iran and that the two-week period will allow the agreement between the two countries to be finalized.

As of 6 a.m. ET on Wednesday, Dow Jones Industrial Average (DJIA) futures were up more than 1,100 points, S&P futures rose 2.6%, and Nasdaq 100 futures soared more than 3.3%.

Meanwhile, retail sentiment toward the SPDR S&P 500 ETF (SPY) trended in the ‘bearish’ territory.

Crude Oil Prices Tank

Crude oil prices tanked more than 16% following the ceasefire between the U.S. and Iran.

At the time of writing, U.S. West Texas Intermediate (WTI) crude futures maturing in May were down more than 16%, falling to $95 per barrel. Brent crude futures expiring in June fell 14% to hover around $94 per barrel.

The United States Oil Fund ETF (USO) fell about 12%, while the ProShares Ultra Bloomberg Crude Oil ETF (UCO) was down nearly 9% at the time of writing.

Trending Stocks To Watch

Aehr Test Systems Inc. (AEHR): Aehr shares soared more than 9% in Wednesday’s pre-market trade after the company’s third-quarter (Q3) results showed a near six-fold surge in quarterly bookings, which rose to $37.2 million, up from $6.2 million in the prior quarter.

Tesla Inc. (TSLA): Tesla shares gained over 4%, while Intel Corp. (INTC) shares were up nearly 5% pre-market, after the two companies announced a partnership for the Terafab project on Tuesday.

Delta Air Lines Inc. (DAL): Delta shares were up more than 12% during Wednesday’s pre-market trade after the company’s first-quarter (Q1) results beat Wall Street expectations.

Also See: Trump Reportedly Confirms 8 PM Deadline For Iran Attacks — Dow Tumbles Over 270 Points Amid 'Whole Civilization Will Die Tonight' Warning

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