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US Equity Futures Rise Pre-Bell After US Says Strikes Completed Against Iran

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US equity futures were higher pre-bell Thursday as the US said it completed attacks against Iran after another round of "self-defense strikes."

Dow Jones Industrial Average futures were 0.8% higher, S&P 500 futures were up 0.7%, and Nasdaq futures were 1.2% higher.

The strikes, which started after a US Army Apache helicopter was shot down on Wednesday, were conducted at the direction of President Donald Trump, US Central Command said in an X post. Iran responded with attacks on Kuwait and Bahrain, while Israel warned of launches from Lebanon.

Trump later told Fox News that he had spoken directly with Iranian officials, who had asked him to stop bombing.

Traders watched the latest round of earnings, with Oracle (ORCL) posting higher fiscal Q4 adjusted earnings and revenue.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.4% at $91.78 per barrel and US West Texas Intermediate crude 1.2% lower at $88.92 per barrel.

The May Producer Price Index, scheduled for release at 8:30 am ET, is expected to show a 0.7% gain following a 1.4% increase in the preceding month, according to estimates compiled by Bloomberg. The weekly jobless claims bulletin is expected to show 220,000 new unemployment claims for the week ended June 6, down from 225,000 in the prior week.

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