Oracle and Adobe Earnings Due as S&P 500 Futures Rise and Oil Prices Ease

TLDR

• S&P 500, Dow futures rose slightly Thursday as oil prices pulled back from above $100 a barrel
• 10-year Treasury yields hit their highest level since October 2023 before easing slightly
• President Trump says the U.S.-Iran war will end after November’s midterm elections
• Oracle and Adobe are both reporting earnings after the closing bell Thursday
• The European Central Bank is expected to raise interest rates by 25 basis points Thursday

U.S. stock futures pointed higher on Thursday morning as oil prices pulled back slightly and Treasury yields cooled, giving markets a bit of breathing room after three straight days of losses.

S&P 500 futures rose 0.2%, Dow futures gained 0.4%, and Nasdaq 100 futures were nearly flat. The small gains came after a rough stretch driven by rising energy prices and bond yields.

Brent crude topped $100 a barrel earlier this week for the first time since July, raising fears that higher energy costs could push inflation higher. On Thursday, Brent dipped slightly to around $100.50, offering some relief.

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