Stock futures exhibited a mixed performance on Wednesday following the recent record closures of the three major U.S. equities indexes. This comes in the wake of rising oil prices, triggered by a series of military strikes exchanged between the U.S. and Iran. Futures for the Dow Jones Industrial Average and S&P 500 indicated declines of 0.4% and 0.1%, respectively, whereas Nasdaq 100 futures showed an increase of 0.2%. Oil prices experienced an uptick following a statement from U.S. Central Command, or CENTCOM, indicating that Iranian drones had made unsuccessful attempts to target American forces in Kuwait. Additionally, the U.S. carried out self-defence strikes on Qeshm Island.

West Texas Intermediate futures, the U.S. crude oil benchmark, recently increased by 2.4% to $96 a barrel, while front-month contracts of Brent crude, the global benchmark, rose by 2.4% to $98.30. Yesterday, an AI-driven advance propelled the blue-chip Dow and benchmark S&P 500 to both intraday and closing records, while the tech-heavy Nasdaq Composite reached a closing high. Marvell Technology led the Nasdaq with a 33% surge and soared 14% further before the bell Wednesday. Hewlett Packard Enterprise led the S&P 500 with a 19% increase; however, shares were approximately 2.5% lower in premarket trading.

Shares of all the Magnificent Seven tech giants, with the exception of Meta Platforms, exhibited a downward trend on Wednesday. Microsoft and Google parent Alphabet, which declined about 4% each yesterday, were 1% and fractionally lower, respectively, before the bell. Broadcom shares rose 2% ahead of its earnings report after increasing nearly 5% on Tuesday to achieve a record close. Crowdstrike, which also is slated to issue results after markets close, slipped 1%. In the aftermath of earnings announcements, Palo Alto Networks experienced a decline of 2%, GitLab saw a decrease of 4%, Ulta Beauty slipped by less than 1%, GameStop surged by 10%, and Macy’s recorded an increase of 2%.

Bitcoin was trading around 67,200, little changed over the past 24 hours. The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, experienced an increase of 0.1%, reaching 99.34. The 10-year Treasury yield, a critical determinant of interest rates on mortgages and various consumer loans, stood above 4.48%, reflecting an increase of four basis points from Tuesday’s closing value. Gold futures fell by 0.6%, settling at $4,490 per ounce.