U.S. equities are set to rebound as Nasdaq-100 futures climb over 1% in early trade. The rally follows Wednesday’s selloff that knocked the Dow nearly 1,000 points lower. Despite U.S. strikes on Iran, oil slipped more than 1% and Treasury yields eased, keeping risk appetite intact. Investors watch the bounce as a test of market resilience amid geopolitical jitters today.

Oracle slid more than 10% in pre‑market trading after reporting data‑center spend that topped forecasts, underscoring the hefty cost base of the AI boom. The software giant’s earnings highlighted how firms are racing to expand compute capacity, a trend that has lifted chip makers and other AI‑related stocks despite the earnings miss. Market participants see the dip as a pricing correction rather than a panic.

The European Central Bank is slated to announce a quarter‑point rate hike later today, a move that could spark a broader tightening cycle among major central banks. Traders will also digest the May producer‑price index at 8:30 a.m. ET, a key gauge of wholesale inflation. With geopolitics receding and AI spending stabilizing, equity indices are poised to close higher today.