US stock futures posted modest gains on Friday as crude oil prices retreated from recent highs, providing a reprieve for investors concerned about persistent energy-driven inflation.
The pullback in oil helped stabilize broader market sentiment, with Dow futures rising 222 points in early trading.
Intel shares surged 4% in pre-market trading after the chipmaker reported second-quarter results, adding to the positive momentum in technology stocks.
The move marks a shift from the previous session, where crude had extended its rally, reinforcing a regime where energy assets outperformed equities amid geopolitical tensions in the Middle East.
Intel shares surged 4% in pre-market trading after the chipmaker reported second-quarter results, adding to the positive momentum in technology stocks.
The jump in Intel comes as investors pivot back toward tech equities following a period of heavy selling, with Nasdaq 100 futures outpacing the broader S&P 500.
The combination of lower energy costs and strong corporate earnings is helping to offset lingering caution ahead of a busy week of earnings reports.