US equity-index futures climbed after reports the US and Iran backed away from a fresh escalation of their conflict, easing concerns over the fragile ceasefire underpinning peace talks.
Contracts for the S&P 500 Index climbed 0.5% and those for the tech-heavy Nasdaq 100 rose 0.6%. The gains came after the US and Iran agreed to halt strikes and meet this week in Qatar to resume talks over the Strait of Hormuz and other issues to end the war, Axios reported, citing an unidentified US official.
