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negotiations boosted risk appetite.

U.S. stock index futures advanced on Thursday as investors returned to beaten-down technology stocks and welcomed signs of progress in peace negotiations between Washington and Tehran. At 7:24 a.m. ET, Dow E-minis gained 322 points, or 0.64%, while S&P 500 and Nasdaq 100 futures rose 0.56% and 0.98%, respectively, reflecting improved risk appetite amid easing geopolitical concerns.

Oracle shares tumbled 8.7% after the software giant projected fiscal 2027 capital spending above Wall Street expectations, highlighting the massive investments needed to expand its AI infrastructure. In contrast, corporate travel booking platform Navan surged 18.3% after raising its full-year revenue and operating income forecasts, buoyed by robust business travel demand and growth in its enterprise customer base.

Investors are bracing for the highly anticipated market debut of Elon Musk's SpaceX on Friday, with the company expected to command a valuation of $1.75 trillion in what could become the largest IPO ever. The listing is poised to test investor appetite for high-growth technology stocks at a time when concerns over stretched valuations are mounting. Markets will also closely watch U.S. producer price data and weekly jobless claims later in the day for fresh signals on the Federal Reserve's policy path ahead of next week's meeting.

Chipmakers rebounded in premarket trading on Thursday after a sharp selloff a day earlier pushed major Wall Street indexes down more than 1% and tipped the technology sector into correction territory. Nvidia, Intel and Micron Technology rose between 0.75% and 4.4%, as investors returned to beaten-down AI and semiconductor stocks following Wednesday's broad-based retreat.