Stock futures edge higher as Brent crude tops $100 and investors await key earnings from Oracle and Adobe amid ongoing U.S.-Iran conflict concerns.
Brent crude rose above $100 for the first time since July due to U.S.-Iran conflict and Hormuz Strait concerns.
Dow futures rose 213 points as investors weighed geopolitical risks and upcoming data.
S&P 500 futures gained 18 points, reversing some of the prior session's decline.
Nasdaq 100 futures edged higher by 15 points, supported by tech earnings hopes.
Oracle is reporting earnings after the close; results and guidance could move the stock based on AI infrastructure spending plans.
Adobe earnings are due after the bell, the first since the CFO departure, with focus on AI revenue growth.
Apple shares fell after unveiling a $1,999 foldable iPhone, amid broader market pressure.
ECB rate hike expectations could provide temporary support, but energy price shocks may weigh on the euro.
U.S. stock futures rebounded on Thursday as investors balanced geopolitical tensions in the Middle East with upcoming corporate earnings. Brent crude climbed above $100 per barrel for the first time since July, while Treasury yields hit 4.84%. Markets now look to Oracle and Adobe for guidance on AI infrastructure spending and revenue growth following their respective earnings reports.
Brent crude prices have risen above $100 per barrel due to escalating U.S.-Iran conflict and concerns over shipping through the Strait of Hormuz, which threatens global supply chains and increases inflationary pressure.