Stock Market Today: Dow, S&P 500, Nasdaq 100 Futures Gain Despite Trump's Threats To Iran—Oracle, CoreWeave, Visa In Focus (UPDATED)

(Editor’s note: The ETF futures, headline and economic data were updated in this story) U.S. stock futures rose on Thursday, as the Nasdaq 100, S&P 500, and the Dow Jones indices advanced, following Wednesday’s lower close. Initial claims for state unemployment benefits edged higher to a seasonally adjusted 229,000 for the week ending June 6, an increase of 4,000 from the prior week’s unrevised level. Meanwhile, inflation the Producer Price Index (PPI) for final demand jumped 1.1% in May. Stripping out volatile components, the core PPI—which excludes foods, energy, and trade services—advanced 0.8% for the month, recording its largest one-month increase since March 2022 and keeping structural inflation concerns at the fore. Middle East tensions have escalated significantly as the U.S. and Iran traded direct military strikes, following warnings from President Donald Trump that Tehran would “pay the price” for stalled peace talks. The renewed hostilities have severely disrupted regional stability, prompting neighboring countries like Kuwait to temporarily close their airspace amid incoming Iranian attacks. Meanwhile, the 10-year Treasury bond yielded 4.53%, and the two-year bond was at 4.12%. The CME Group's FedWatch tool ‘s projections show markets pricing a 98.3% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting. Index Performance (+/-) Dow Jones 0.68% S&P 500 0.79% Nasdaq 100 1.22% Russell 2000 1.41% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ) , which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Thursday. The SPY was up 0.24% at $727.15, while the QQQ advanced by 0.57% to $697.56. data-variant="card" data-news-mode="manual" > Read Also: Stock Market: Will S&P 500 Open Up Or Down Today?