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What is the story about?
US stock index futures rose on Friday, July 24, with Dow futures gaining more than 200 points, as easing crude oil prices helped stabilise investor sentiment following a broad selloff in the previous session.
Dow Jones Industrial Average futures advanced 200 points, or 0.4%, while S&P 500 futures rose 0.2%. Nasdaq-100 futures edged 0.1% higher as investors attempted to recover from Thursday's losses, when megacap technology stocks weighed heavily on Wall Street.
The rebound came as Brent crude retreated after briefly topping $100 a barrel earlier this week for the first time since late May. Brent was last trading near $97 per barrel, down about 3%, while US West Texas Intermediate (WTI) crude fell roughly 2% to trade above $89 a barrel.
Oil eases after West Asia-driven rally
The pullback in crude prices provided some relief after concerns over escalating tensions in the Middle East fueled a sharp rally in oil and triggered risk aversion across global markets.
On Thursday, US President Donald Trump said he was close to deciding on a "massive attack" on Iran as the conflict expanded into the Red Sea region.
"I am considering a massive attack. Bigger than ever before. I am close to making a decision. We are all set for it," Trump told Axios.
The comments came as US forces carried out a 13th consecutive night of strikes on Iranian targets, adding to geopolitical uncertainty.
Wall Street looks to recover after steep losses
The major US indexes ended sharply lower on Thursday. The Dow Jones Industrial Average fell more than 500 points, or around 1%, marking its fifth decline in six sessions.
The S&P 500 lost 1.2%, while the Nasdaq Composite dropped 2.2%, recording their steepest single-day declines since June 23, amid concerns over rising bond yields, higher oil prices and disappointing earnings from two megacap technology companies.
Earnings and economic data in focus
Among individual stocks, Intel gained in premarket trading after reporting quarterly earnings.
Investors are also awaiting S&P Global's flash Purchasing Managers' Index (PMI) readings for July covering the manufacturing and services sectors, along with new home sales data.
On the earnings front, American Express, NextEra Energy and Verizon Communications are among the companies scheduled to report quarterly results later in the day.
Dow Jones Industrial Average futures advanced 200 points, or 0.4%, while S&P 500 futures rose 0.2%. Nasdaq-100 futures edged 0.1% higher as investors attempted to recover from Thursday's losses, when megacap technology stocks weighed heavily on Wall Street.
The rebound came as Brent crude retreated after briefly topping $100 a barrel earlier this week for the first time since late May. Brent was last trading near $97 per barrel, down about 3%, while US West Texas Intermediate (WTI) crude fell roughly 2% to trade above $89 a barrel.
Oil eases after West Asia-driven rally
The pullback in crude prices provided some relief after concerns over escalating tensions in the Middle East fueled a sharp rally in oil and triggered risk aversion across global markets.
On Thursday, US President Donald Trump said he was close to deciding on a "massive attack" on Iran as the conflict expanded into the Red Sea region.
"I am considering a massive attack. Bigger than ever before. I am close to making a decision. We are all set for it," Trump told Axios.
The comments came as US forces carried out a 13th consecutive night of strikes on Iranian targets, adding to geopolitical uncertainty.
Wall Street looks to recover after steep losses
The major US indexes ended sharply lower on Thursday. The Dow Jones Industrial Average fell more than 500 points, or around 1%, marking its fifth decline in six sessions.
The S&P 500 lost 1.2%, while the Nasdaq Composite dropped 2.2%, recording their steepest single-day declines since June 23, amid concerns over rising bond yields, higher oil prices and disappointing earnings from two megacap technology companies.
Earnings and economic data in focus
Among individual stocks, Intel gained in premarket trading after reporting quarterly earnings.
Investors are also awaiting S&P Global's flash Purchasing Managers' Index (PMI) readings for July covering the manufacturing and services sectors, along with new home sales data.
On the earnings front, American Express, NextEra Energy and Verizon Communications are among the companies scheduled to report quarterly results later in the day.
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