US Stocks Bounce Back Ahead of Packed Earnings Schedule

US stock futures inched higher on Thursday, following a mixed session for major indices. The S&P 500 and Nasdaq dropped 0.2% and 0.8%, respectively, while the Dow Jones Industrial Average gained 0.5%. Nvidia's shares soared after SpaceX announced it would exclusively use NVDA chips for its AI infrastructure.

The upcoming earnings season is a major focus for investors, with corporate America deep into the quarterly reporting cycle. The US market seems to be shrugging off geopolitical developments, including a potential breakthrough in shipping routes through the Strait of Hormuz, after Iran and Oman finalized an agreement.

Wall Street expects another packed schedule of earnings reports on Thursday, led by Warner Bros. Discovery's pre-market release. Airbnb and Lyft will also report their results after the closing bell.