U.S. Stock Futures Gain Overnight as Markets Focus on Hyperscaler Earnings Amid Iran Tensions

According to reports, U.S. stock futures traded higher overnight Thursday as markets looked past renewed military tensions with Iran and rising oil prices, instead focusing on AI hyperscaler earnings. Nasdaq-100 futures gained 0.14%, S&P 500 futures rose 0.12%, and Dow futures were up 0.08% at 9:20 PM EDT.

The overnight rebound came after U.S. stock markets fell sharply on Thursday, with the Nasdaq Composite declining 2.15%, the S&P 500 falling 1.21%, and the Dow dropping 0.97%, amid escalating Middle East conflict and Brent crude oil surging above $100 per barrel for the first time since May. Intel shares jumped more than 4% in after-hours trading following strong Q2 results and upbeat Q3 guidance, while Alphabet and Tesla faced significant declines due to investor concerns over massive capital expenditure plans.