Stock market today: Dow, S&P 500, Nasdaq futures jump on reports US sent ceasefire plan to Iran

Updated Wed, March 25, 2026 at 4:49 AM EDT 1 min read

US stock futures climbed on Wednesday as investors weighed reports that the US has approached Iran with a plan to halt fighting, raising cautious hopes for an easing in a war that has roiled markets.

Futures linked to the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) rose around 1.1%. Meanwhile, Nasdaq 100 futures (NQ=F) jumped 1.2% on the heels of a day of losses for Wall Street stocks.

Meanwhile, oil prices retreated nearly 6%, continuing a wild ride as markets track Iran-related developments. West Texas Intermediate crude (CL=F) fell to around $87, while Brent crude (BZ=F) traded below $95.

Iran has received a 15-point plan aimed at bringing the Middle East conflict to a close, AP reported, citing officials from intermediary Pakistan. The proposal is seen as a sign of growing urgency in the Trump administration to halt escalating attacks as the economic toll mounts. While President Trump has said the US is engaged in ongoing negotiations with Iran, Tehran has pushed back on claims of direct talks.

Looking ahead, investors are eyeing fresh economic data on Wednesday, including February import and export price figures.

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