Current Market Snapshot

U.S. Futures Rebound Despite Middle East Risks

U.S. stock futures traded slightly higher early Thursday. The Dow rose 0.4%, the S&P 500 0.2%, and the Nasdaq 100 0.1%.

Oil remains the dominant driver: Brent crude pushed above $100, raising fresh inflation concerns and expectations of tighter central bank policy. Treasury yields climbed, with the 10‑year touching 4.84%, pressuring risk assets and extending the S&P 500s losing streak.

Trump: Iran War to End After Midterms

President Donald Trump told supporters the Iran conflict will end after the November midterm elections, despite ongoing U.S.–Iran airstrikes.

Polls indicate the war and rising gasoline prices have weighed on voter sentiment. Advisers reportedly warn the conflict could last through Trumps current term ending in 2029.

Oracle Earnings – AI Infrastructure in Focus

Oracle reports earnings after the closing bell.

The company is aggressively expanding its AI infrastructure, planning up to $40 billion in financing next year and forecasting $95 billion in capex for fiscal 2027. Major partnerships with Meta and OpenAI highlight Oracles push to challenge Microsoft and Amazon in the AI cloud race.

Adobe – Leadership Changes, Strong AI Revenue

Adobe also releases results today.

Leadership uncertainty persists after the departure of both the CFO and CEO earlier this year, but the company raised its annual revenue and profit outlook. AI‑driven annual recurring revenue has surpassed $500 million, signaling strong demand despite competition from Figma and Canva.

ECB Set for Rate Hike

The European Central Bank is widely expected to deliver a 25‑bp rate increase.

The Iran conflict has driven global energy prices haigher, keeping inflation risks elevated. ING analysts describe the move as an “insurance hike” aimed at reinforcing policy credibility amid the ongoing energy shock.