Big techs gained in premarket trading. Super Micro up 3.7%; Tesla up nearly 3%; AMD up 2.6%; Nvidia, Amazon, Alphabet up over 1%.

US President Donald Trump said a ceasefire has been implemented between Israel and Iran, spurring optimism of a lasting pause in the conflict.

Trump ’ s statement was followed soon by a confirmation from Israeli Prime Minister Benjamin Netanyahu that his country agreed to a truce. Iranian Foreign Minister Abbas Araghchi said in an earlier post that his country would stop firing so long as Israel does.

The announcements come after a turbulent stretch in financial markets, which have been roiled for nearly two weeks by fears of an escalating conflict.