On Thursday, futures showed minimal movement, while oil prices experienced an uptick as tanker traffic continued to be suspended in the Strait of Hormuz. The Dow Jones Industrial Average experienced a slight decrease of 0.1% in recent trading, while the S&P 500 and Nasdaq 100 futures stayed nearly flat. Yesterday, the tech-heavy index, benchmark index, and blue-chip index closed up by 1.3%, 0.8%, and 0.5%, respectively, with the blue-chip index breaking a three-session losing streak.

Oil futures have continued to rise after the recent U.S. and Israeli strikes on Iran, which led to the death of Supreme Leader Ali Khamenei. In response, Iran has initiated retaliatory measures targeting Israeli and U.S. interests across various nations in the region. West Texas Intermediate crude oil futures, the U.S. benchmark, increased by 2.5% to $76.55 a barrel and have experienced a significant surge of 14% this week following Iran’s assertion that the crucial Strait of Hormuz was closed and that it would ignite any vessel attempting to navigate through.

Meanwhile, the yield on the 10-year Treasury note, which affects interest rates on various consumer loans, increased to 4.12% from Wednesday’s closing figure of around 4.10%. The yield wrapped up last week at 3.95% and has seen a rise every day this week. Gold futures saw a rise of 0.7%, reaching $5,170 an ounce, while silver futures climbed by 1.4%, settling at $84.35 an ounce. The U.S. dollar index, which tracks the value of the greenback against a selection of currencies, was at 98.98, showing a 0.2% increase. Bitcoin, which dropped to a low of $63,000 after the attacks on Iran on Saturday, was trading at around $73,200, reflecting little movement during the day.

Following the earnings announcements, Broadcom shares experienced a notable increase of 7% before the market opened, while Cracker Barrel Old Country Store saw a rise of 7.5%. In contrast, StubHub faced a decline of 8%. Shares of Costco Wholesale, set to report results after markets close today, indicated a slight decline. Shares of the Magnificent Seven stocks showed a mixed performance and remained relatively unchanged before the market opened, with the most significant movement being a 0.6% decline in Tesla stock after the EV maker’s 3.4% increase the previous day.