US stock futures rose on Thursday as reports of continued US-Iran peace talks helped markets recover from sharp Wall Street losses, Investing.com reported.
S&P 500 Futures rose 56 points, or 0.8%, by 05:59 ET. Nasdaq 100 Futures jumped 333 points, or 1.1%, while Dow Jones Futures gained 392 points, or 0.8%.
CNN reported that the United States and Iran continued negotiations overnight despite a second straight day of air attacks.
Reuters reported that Washington and Tehran were still discussing a preliminary deal that could include a mechanism to unfreeze Iranian funds.
US Central Command said the United States struck multiple Iranian military targets late Wednesday and early Thursday.
CENTCOM described the strikes as self-defence after the downing of an American helicopter near the Strait of Hormuz. Iran said it had blocked all ship traffic through the Strait of Hormuz, a claim CENTCOM denied.
Technology shares also eyed a tentative recovery after heavy losses tied to AI spending concerns and fears of higher rates.
Read: Oil Prices Iran Strikes Push Brent Above $96
Oracle Corporation (NYSE: ORCL) slid in after-hours trading after forecasting capital expenditures of up to $95 billion for fiscal 2027.
The forecast topped Wall Street expectations of about $68 billion. Oracle also said it plans to raise $40 billion through debt and equity financing in 2027.
The S&P 500 fell 1.6% on Wednesday, while the Nasdaq Composite lost nearly 2%. The Dow Jones Industrial Average dropped 1.9%, marking its worst day of 2026 so far.
