Wall Street inched toward modest gains in premarket trading Friday as bond yields steadied even though oil prices rose with no signs of progress in ending the Iran war.
Futures for the S&P 500 rose 0.2% before the opening bell, as did Nasdaq futures. Dow Jones Industrial Average futures were up 0.3%.
Oil prices remained elevated over disruptions around the Strait of Hormuz, a critical waterway for oil and gas transit, with shipping activities still well below before the Iran war began in late February. Talks between the U.S. and Iran have dragged on, adding to uncertainty.
