S&P 500+1.75%▲: Futures are higher ahead of the open after reports of halted U.S. strikes on Iran and broad gains in technology and small-cap names. Nasdaq+2.54%▲: Tech-led advance, with major cap tech and chip names showing outsized pre-market moves. Russell 2000+3.02%▲: Small-cap futures outperforming amid a broad opening rally. Dow+1.86%▲: Large-cap industrials and select cyclical names rose alongside the wider market. VIX-4.12%▼: Volatility measures slipped as near-term geopolitical risk eased and oil prices pulled back. Crypto: BTC and ETH little changed in early trade. What's driving the market this week The Trump administration’s announcement that planned strikes on Iran were called off coincided with a drop in oil prices and lifted global futures, underpinning the rally in U.S. pre-market indicators. South Korea’s central bank governor reiterated that rate increases are likely “on time,” adding a regional monetary tightening signal that traders priced into currency and equity moves. Technology outperformance was amplified by corporate corporate actions and market calendar items, including scheduled stock splits and the high-profile SpaceX IPO-related flow affecting large-cap tech names.