US STOCKS-US stock futures up as oil dips; Middle East tensions linger

DuPont de Nemours

05/05/2026 11:54

Futures up: Dow 0.35%, S&P 500 0.4%, Nasdaq 0.62%

Intel rises after talks with Apple for chipmaking

Archer-Daniels-Midland up following Q1 profit beat

Updates prices

By Niket Nishant and Utkarsh    Hathi

May 5 (Reuters) - U.S. stock index futures rose on Tuesday, signaling a rebound in equities as oil prices ticked lower even though renewed tensions threatened to upend a fragile Middle East truce after the U.S. and Iran exchanged fire ​in the Gulf.

Markets are being pulled in opposite directions by the conflict and the rapidly shifting situation on the ground. While some investors believe worst-case scenarios are still not fully priced in, others argue the focus should remain on underlying economic fundamentals and strong earnings.

Moves have been volatile as a result, with equities vulnerable to sudden reversals as new and often conflicting headlines emerge.

At 6:35 a.m. ET, Dow E-minis YMcv1 added 172 points, or 0.35%, S&P 500 E-minis EScv1 gained 29 points, or 0.4%, and Nasdaq 100 E-minis NQcv1 rose 173.5 points, or 0.62%.

Brent crude futures LCOc1 fell 1.56%, but were still trading above $110 a barrel.

"U.S. earnings are on a roll. The broader earnings backdrop looks healthy as well," BlackRock Investment Institute analysts led by Global Chief Investment Strategist Wei Li said in a note.

However, they warned that "even U.S. equities won't be insulated" if the crucial oil shipping route through the Strait of Hormuz does not open.

Being a net energy exporter, the U.S. has held up better than economies that rely on imports, with the benchmark S&P 500 .SPX and the Nasdaq Composite .IXIC hitting record highs in recent days.

Meanwhile, grain trader Archer-Daniels-Midland ADM.N rose 1.2% premarket after reporting better-than-expected
first-quarter profit
 on higher margins.

DuPont DD.N gained 3.4% after the industrial materials maker
lifted
 its annual profit forecast.

Shares of Pinterest PINS.N jumped 17% after the image-sharing platform forecast second-quarter revenue above analysts' estimates.

Intel INTC.O rose 4.1% after Bloomberg News reported Apple AAPL.O had held exploratory discussions about using Intel INTC.O and Samsung Electronics 005930.KS to produce the main processors for its devices.

Investors now await the U.S. Labor Department's latest Job Openings and Labor Turnover Survey, ⁠or JOLTS report, due to be released at 10 a.m. ET.

 (Reporting by Niket Nishant and Utkarsh Hathi in Bengaluru; Editing by Pooja Desai)

 ((Niket.Nishant@thomsonreuters.com;))