U.S. markets rose in premarket trading Thursday, taking back much of their losses from a day earlier that were driven by speculation that the Federal Reserve may raise interest rates this year to try and reign in persistent inflation.
Futures for the S&P 500 rose 0.6%, while futures for the Dow Jones Industrial Average edged up 0.2%. The Nasdaq was on track to claw back all of its losses from Wednesday, with futures gaining 1.3% before the opening bell.
Oil prices continued their charge downward after the U.S. and Iran signed their initial agreement ending the war.
