S&P 500 futures held roughly flat early Thursday as investors weighed the AI build-out against an escalating US-Iran war and a heavy earnings and data calendar. Dow futures edged up while Nasdaq-100 contracts slipped, with Netflix's results due after the close.
US stock futures wavered early Thursday as traders took stock of the AI boom and awaited key earnings reports, while an escalation in the US-Iran war continued to weigh on sentiment.
Index futures split ahead of the open
Futures on the Dow Jones Industrial Average rose 0.2%, while S&P 500 contracts were roughly flat and Nasdaq-100 futures dipped 0.5%. The moves followed a session in which Big Tech buoyed markets, with Apple reaching a record high the day before.
Investors also monitored oil's movement through the Strait of Hormuz after the US launched its latest wave of airstrikes on Iran on Wednesday. The Wall Street Journal reported that Trump was briefed by aides on options to expand the conflict, including increasing bombing and deploying ground forces.
Chips and Big Tech earnings in focus
Taiwan Semiconductor Manufacturing Company's earnings drew attention as the latest strong demand signal on the artificial intelligence build-out, after markets cycled through risk-on and risk-off sentiment. UnitedHealth Group and GE Aerospace were also set to report before the opening bell.
Netflix's second-quarter report headlines the earnings calendar after the close. Those results sit among the drivers for the Dow, S&P 500 and Nasdaq.
Data prints round out the session
Retail sales figures offered a gauge of consumer spending, and jobless claims data gave investors an update on the labor market. Both indicators were released at 8:30 a.m. ET, ahead of the opening bell.
Source: Yahoo Finance
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