US markets today: Dow futures down, S&P 500, Nasdaq futures trade higher amid mixed global market cues

The US stock market is set to witness a rebound push from the Asian and European equities, which performed well due to a rally in the chipmaking and AI hardware stocks on Thursday.

The exchange data suggest that the Dow Jones futures were trading 0.02% or 11 points lower at 52,613 points ahead of the opening bell on Thursday, compared to the previous market close levels.

In contrast, the S&P 500 futures were trading 0.25% or 18.75 points higher at 7,547.50 points ahead of the Wall Street opening bell, while the Nasdaq 100 futures were trading 0.90% or 268 points higher at 29,735 points on Thursday, July 9.

Key focus of investors is set to be on chipmaking stocks on Thursday’s market as Nasdaq’s future surge was fuelled by tech stocks despite the tensions over the US-Iran conflict looming over the market which has fuelled up oil prices 12% in two days.

Key things to know before Wall Street opening

US stock market snapshot

After the trading session on Wednesday, the Dow Jones Industrial Average closed 1.09% lower at 52,348.39 points, compared to 52,925.15 points at the previous US stock market close, according to MarketWatch data.

Meanwhile, the S&P 500 index closed 0.28% lower at 7,482.71 points after the trading session on July 8, compared to 7,503.85 points at the previous US stock market close.

In contrast, the exchange data also showed that the Nasdaq Composite closed 0.20% higher at 25,870.65 points, compared to 25,818.69 points at the previous stock market close.

Global market move

Tech stocks around the major global markets in Asia and Europe witnessed a major recovery across the board on improving investor sentiment after a volatile trading session on Wednesday’s market.

Data showed that stocks like ASML, BE Semiconductor, STMicroelectronics, and Korea’s SK Hynix were among others which closed higher during the trading session on July 9.

Overall, the benchmark indices like Japan’s Nikkei 225 up 1.3%, China’s Shanghai Composite up 1.6%, South Korea’s KOSPI up 0.6%, and Singapore-based FTSE up 1.2% were among the major Asian market movers on July 9.

While in Europe, major indices like DAX up 0.45%, CAC 40 up 0.6%, Italy’s FTSE MIB up 0.84% were among the gainers.

Oil price risk

Investors are also likely to remain cautious about oil prices in the global market as the recent escalations between the United States and Iran have increased the energy rates by 12% in just two days above $80 per barrel (bbl).

Global benchmark Brent crude oil prices were tradign 0.33% lower at $77.78 per bbl on Thursday’s market, compared to $78.02 per bbl at the previous stock market close, according to Investing.com data.

Over the last five trading session, crude oil prices have risen more than 8% on the global market.

West Asia escalations

United States on Wednesday evening, said that their military carried out an additional round of airstrikes against 90 targets in Iran to ‘degrade’ the country’s ability to attack commercial ships.

“US forces struck approximately 90 Iranian military targets including air defense systems, coastal surveillance assets, missile and drone storage sites, naval capabilities, and military logistics infrastructure along Iran’s coastline,” said US CENTCOM in an official statement.

This comes after Iran retaliated by launching missiles and drones at US military facilities in Bahrain and Kuwait in response to earlier US airstrikes and renewed sanctions on Iranian oil exports.

These escalations in West Asia also pose a risk of disruption of oil trade via the key route, similar to what happened at the beginning of the conflict in March 2026.