U.S. stock futures rose on Wednesday after President Donald Trump extended the U.S. ceasefire in Iran.

S&P 500 futures added 0.7%, while Nasdaq 100 futures gained 0.9%. Futures tied to the Dow Jones Industrial Average rose by 335 points, or 0.7%.

Shortly after Tuesday’s close, Trump extended a two-week U.S. ceasefire, saying it was warranted due to Tehran’s seriously fractured” government.

“Based on the fact that the Government of Iran is seriously fractured, not unexpectedly so and, upon the request of Field Marshal Asim Munir, and Prime Minister Shehbaz Sharif, of Pakistan, we have been asked to hold our Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal,” the president said in a Truth Social post.