U.S. equity futures rose following de-escalation in Middle East tensions, while Oracle shares fell despite beating earnings estimates.
Dow Jones, S&P 500, and Nasdaq futures climbed early Thursday after U.S. military actions in Iran concluded without further immediate escalation. The move followed a broad market selloff Wednesday triggered by President Trump’s threat of retaliatory strikes.
Oracle (ORCL) dropped sharply in premarket trading despite surpassing earnings expectations, reflecting investor caution amid geopolitical uncertainty. The broader market rally had suffered losses across sectors as tensions weighed on sentiment.
SpaceX’s potential IPO also drew attention after reports suggested progress toward a public offering, though no formal announcement was made. Futures gains signaled tentative relief, but traders remained wary of further developments.