Microsoft and Meta earnings beats lift futures after market sell-off driven by surging oil prices and U.S.-Iran tensions.
Dow Jones, S&P 500, and Nasdaq futures climbed early Thursday, led by strong earnings from Microsoft and Meta Platforms. The gains followed a market retreat triggered by a jump in oil prices amid escalating U.S.-Iran hostilities.
The S&P 500 and Nasdaq briefly turned positive after the Federal Reserve held interest rates steady. Fortinet also reported Q2 earnings, revenue, and billings that exceeded estimates, with guidance above expectations. Amazon and Apple are set to report after the close.
Cybersecurity stock Fortinet surged in premarket trading following its earnings beat. The broader market remains volatile as investors weigh earnings against geopolitical risks and Fed policy.