News Of U.S.-Iran Ceasefire Likely To Spark Rally On Wall Street

After recovering from an early slump to end the previous session little changed, stocks are likely to rally in early trading on Wednesday. The major index futures are currently pointing to a sharply higher open for the markets, with the S&P 500 futures up by 2.6 percent.

News that the U.S., Israel and Iran have agreed to a two-week ceasefire is likely to generate considerable buying interest early in the session.