Wall Street started in the green on Wednesday, boosted by news that US President Donald Trump agreed to extend the ceasefire with Iran, reducing fears of further tensions. As of 7:17PM IST, Dow Jones was up 320 points or 0.65% at 49,469, while tech giant Nasdaq jumped 200 points or 0.8% at 24,460. The S&P 500 added 49 points, or 0.7%, to 7,113.The rally comes as US President Donald Trump has reportedly given Iran a limited deadline of “three to five days” to come up with a unified proposal for talks, with US officials indicating that the current ceasefire extension will not continue indefinitely, according to an Axios report citing three US officials.The market was encouraged by the prospect of continued talks, with sentiment indicating investors are placing their bets on a negotiated solution rather than a prolonged military conflict. Nevertheless, underlying risks continued to weigh on the outlook. Oil prices remained near $100 a barrel, raising concerns about a possible resurgence in inflation.On the corporate front, earnings season picked up pace, providing additional support to equities. The strong results so far have helped reinforce confidence in the strength of US consumers, widely seen as the backbone of the economic expansion.Data from Goldman Sachs showed that S&P 500 earnings per share forecasts for 2026 and 2027 have risen 4% since the end of January.In premarket activity, GE Vernova jumped 7.5% after raising its full-year revenue outlook. Boston Scientific gained 1.3%, while United Airlines gained 1.2% after releasing its first-quarter results. Shares of Boeing rose 3.9% after reporting a smaller-than-expected quarterly loss.