Futures tied to the Nasdaq-100 rose 0.8%, supported by gains in semiconductor stocks, while S&P 500 futures advanced 0.2%. Dow Jones Industrial Average futures were little changed to 0.1% lower after Wall Street ended Wednesday’s session on a mixed note.
The gains in technology shares came despite heightened tensions between the United States and Iran.
The US launched fresh strikes on Iran in response to attacks by Tehran on commercial shipping in and around the Strait of Hormuz, according to US Central Command.
Oil prices were little changed on Thursday after briefly surging in response to fresh US strikes on Iran, which reignited concerns over potential supply disruptions in West Asia. However, prices steadied as investors continued to assess the geopolitical situation and its impact on global energy supplies.
Brent crude futures, the global benchmark, rose 53 cents to $78.55 a barrel after settling 5.4% higher in the previous session, marking their biggest one-day gain since May 4. US West Texas Intermediate (WTI) crude futures also edged higher, gaining 35 cents to trade at $73.87 per barrel.
Earlier this week, Trump had indicated that he was no longer interested in negotiations and declared that the ceasefire between Washington and Tehran was “over” following another wave of attacks in the region.
Wall Street closed mixed on Wednesday, with the Dow Jones Industrial Average falling as investors reacted to the renewed conflict, while the S&P 500 edged lower. The Nasdaq, however, outperformed, supported by a rebound in semiconductor stocks.
Attention is now turning to the AI sector ahead of SK Hynix‘s Nasdaq debut on Friday. The South Korean memory chipmaker is expected to price its US listing later on Thursday, with demand reportedly exceeding the shares available by seven times.
(Edited by : Ajay Vaishnav)
First Published: Jul 9, 2026 5:52 PM IST
