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What is the story about?
US stock futures traded mixed on Thursday, July 9, as investors looked past renewed geopolitical tensions in West Asia and shifted their focus to AI-related stocks ahead of South Korean chipmaker SK Hynix's highly anticipated US market debut.
Futures tied to the Nasdaq-100 rose 0.8%, supported by gains in semiconductor stocks, while S&P 500 futures advanced 0.2%. Dow Jones Industrial Average futures were little changed to 0.1% lower after Wall Street ended Wednesday's session on a mixed note.
The gains in technology shares came despite heightened tensions between the United States and Iran.
The US launched fresh strikes on Iran in response to attacks by Tehran on commercial shipping in and around the Strait of Hormuz, according to US Central Command.
However, crude oil prices pared earlier gains after President Donald Trump said he had contacted Iran to pursue a deal.
Earlier this week, Trump had indicated that he was no longer interested in negotiations and declared that the ceasefire between Washington and Tehran was "over" following another wave of attacks in the region.
Wall Street closed mixed on Wednesday, with the Dow Jones Industrial Average falling as investors reacted to the renewed conflict, while the S&P 500 edged lower. The Nasdaq, however, outperformed, supported by a rebound in semiconductor stocks.
Attention is now turning to the AI sector ahead of SK Hynix's Nasdaq debut on Friday. The South Korean memory chipmaker is expected to price its US listing later on Thursday, with demand reportedly exceeding the shares available by seven times.
Futures tied to the Nasdaq-100 rose 0.8%, supported by gains in semiconductor stocks, while S&P 500 futures advanced 0.2%. Dow Jones Industrial Average futures were little changed to 0.1% lower after Wall Street ended Wednesday's session on a mixed note.
The gains in technology shares came despite heightened tensions between the United States and Iran.
The US launched fresh strikes on Iran in response to attacks by Tehran on commercial shipping in and around the Strait of Hormuz, according to US Central Command.
However, crude oil prices pared earlier gains after President Donald Trump said he had contacted Iran to pursue a deal.
Earlier this week, Trump had indicated that he was no longer interested in negotiations and declared that the ceasefire between Washington and Tehran was "over" following another wave of attacks in the region.
Wall Street closed mixed on Wednesday, with the Dow Jones Industrial Average falling as investors reacted to the renewed conflict, while the S&P 500 edged lower. The Nasdaq, however, outperformed, supported by a rebound in semiconductor stocks.
Attention is now turning to the AI sector ahead of SK Hynix's Nasdaq debut on Friday. The South Korean memory chipmaker is expected to price its US listing later on Thursday, with demand reportedly exceeding the shares available by seven times.
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