Wall Street futures pointed higher pre-bell Thursday as traders waded back into tech shares, and shrugged off reports of fresh hostilities in the Persian Gulf.
In the futures, the S&P 500 rose 0.7%, the Nasdaq inclined 1.2% and the Dow Jones was up 0.7%.
The VanEck Semiconductor exchange-traded fund (SMH) traded up 2.2% pre-bell.
West Texas Intermediate crude oil traded down 1% at $89.11 a barrel in morning action.
Investors are awaiting the May producer price index (PPI) report from Washington at 8:30 am ET, for a view into how Strait of Hormuz-related fuel bills are impacting overall producer costs.
Asian exchanges traded unevenly lower overnight, while European bourses tracked moderately north midday on the continent.
Adobe (ADBE) plans to report earnings after-bell, among others.
On the economic calendar, in addition to the PPI bulletin, is the weekly jobless claims report at 8:30 am ET, followed by the Q1 services survey at 10 am.
The weekly EIA natural gas report logs at 10:30 am.
In pre-market action, bitcoin traded at $62,778, and 10-year US Treasuries offered 4.53%. Spot gold commanded $4,091 an ounce.