U.S. stock futures were steady Thursday night as traders watched developments between the U.S. and Iran. Investors were also looking ahead to the April jobs report. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up a modest 0.12%, 0.03%, and 0.06%, respectively, at 9:00 p.m. EDT on May 7.
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At the same time, oil prices moved higher after the U.S. and Iran exchanged fire in the Strait of Hormuz. Both sides blamed each other for starting the attack. Brent crude (CM:BZ) gained by 2.32% to around $102.38 per barrel, while WTI crude (CM:CL) rose 2.09% to about $96.78.
In the regular trading session, U.S. stocks closed lower as the S&P 500 and the Nasdaq pulled back from intraday record highs. Overall, the Dow, the S&P 500, and the Nasdaq fell 0.6%, 0.4%, and 0.1%, respectively.
Looking ahead, Wendy’s (WEN), Enbridge (ENB), Nintendo (NTDOY), and Fidelity National Information Services (FIS) are set to report earnings on Friday.
Traders will also watch for several key economic reports, such as nonfarm payrolls, unemployment rate, the University of Michigan’s consumer sentiment, and wholesale sales and inventories for March.
