Dow futures climbed 0.8% after U.S. military action in the Middle East, overshadowing Oracle’s post-earnings decline.
Dow Jones Industrial Average futures rose 400 points, or 0.8%, on Thursday following U.S. airstrikes targeting Iran. The move lifted broader market sentiment ahead of the Labor Department’s producer price index report, which investors are monitoring for inflation signals.
Prior to the rally, major indexes had faced pressure, with tech stocks leading declines. Oracle (ORCL) dropped sharply in premarket trading after disappointing earnings, weighing on the sector. The S&P 500 and Nasdaq futures also rebounded, though gains were uneven across sectors.
The geopolitical developments overshadowed economic data, with traders assessing the potential impact on energy markets and Federal Reserve policy expectations.