The US stock market was mixed after posting two consecutive days of gains.
S&P 500 futures were unchanged, the tech-focused Nasdaq rose 0.31%, while the Dow Jones fell 0.25%.
All major indexes recorded mixed readings as the market still awaited official decisions from both countries, Iran and Israel, after President Donald Trump announced a ceasefire.
In other developments, Federal Reserve (Fed) Chairman Jerome Powell on Wednesday reiterated his warning against early interest rate cuts and warned of the risk of rising inflation due to prolonged tariffs.
The two-day testimony did not have much impact on Fed policy expectations, but it did highlight differences in views between Powell and Trump, who continue to push for an immediate interest rate cut.
Meanwhile, Trump again criticized Powell and said he was considering several candidates to replace him.
Shares of electric vehicle (EV) maker Tesla fell 3.8% as European sales fell for the fifth straight month, while FedEx shares fell 3.3% after disappointing next-quarter forecasts.
Volume on the US exchange was $16.02 billion, compared with an average of $18.08 billion over the 20-day period.
