Dow Jones Industrial Average futures were higher on Friday, stabilizing after a tough session in which a sharp spike in oil prices and lackluster earnings from two megacap companies pressured the broader equity market. Futures tied to the blue-chip index rose 151 points, or 0.3%. S&P 500 futures and Nasdaq-100 futures traded around the flatline. Intel shares jumped 3% in premarket trading after the chipmaker’s second-quarter results exceeded Wall Street’s expectations. Notably, the company’s revenue grew 25% — its strongest for any period since the third quarter of 2011. The moves come after the Dow dropped more than 500 points, or around 1%, on Thursday for its fifth negative day in six. The S&P 500 and Nasdaq had their worst one-day performances since June 23, dropping 1.2% and 2.2%, respectively. U.S. President Donald Trump said he will soon make a decision on whether to launch a “massive attack” on Iran after the conflict in the Middle East extended to a new battleground in the Red Sea. Speaking to Axios on Thursday, the president said the proposed strikes would be bigger than anything seen in the war so far, and that Iran has not “received enough pain yet.” “I am considering a massive attack. Bigger than ever before. I am close to making a decision. We are all set for it,” Trump said in the interview. U.S. forces have pummeled Iranian targets over the past two weeks, with Central Command completing a 13th consecutive night of strikes overnight. “While current positioning does not guarantee that oil will continue rising, it does mean that the market entered the latest escalation poorly positioned for an upside surprise,” Adam Turnquist, chief technical strategist at LPL Financial. “And when sentiment and positioning are extremely bearish, even a modest deterioration in supply expectations can produce an outsized price response.” Quarterly results from Tesla and Alphabet also weighed on the broader market Thursday. Tesla tumbled nearly 15% — its worst day since March 10, 2025 — after posting an earnings miss for the second quarter. Alphabet hiked its full-year guidance for capital expenditures, leading the tech giant to a 7% loss. That’s its biggest daily decline since May 7, 2025. The major averages are now on pace for weekly declines. The Dow and S&P 500 have shed 0.8% and 0.7%, respectively. The Nasdaq has underperformed, losing 1.5%. U.S. Treasury yields retreated on Friday after briefly hitting the highest level since January 2025 the day before, when Brent crude oil’s climb above $100 per barrel reignited inflationary fears. The yield on the 10-year U.S. Treasury note — the key benchmark for mortgage and auto loans and credit card debt — was last seen down one basis point at 4.693%. On Thursday, it had risen above 4.7%, the highest level since Jan. 15, 2025, before the start of President Donald Trump’s second term. Asia-Pacific markets, however, closed in the red, with South Korean equities leading losses. The Kospi plunged over 5.7%. Japan’s Nikkei 225 slid 2.7%. Australia’s benchmark S&P/ASX 200 fell 0.75%. Taiwan’s Taiex declined 2.67% to close at 43,654.84. Mainland China’s CSI 300 declined 1.67% to 4,649.19. Hong Kong’s Hang Seng Index was down 1.38% as of 3.07 a.m. ET. Helping sentiment as well, the recent rally in oil prices lost momentum Friday. Brent crude futures, which topped $100 per barrel for the first time since late May this week, eased from those levels to currently trade at roughly $97, dropping 3%. U.S. West Texas Intermediate futures fell 2% to trade above $89 a barrel. Gold ticked higher on Friday, reversing earlier losses as oil retreated ​below the $100 per barrel ​mark, with investors monitoring ​developments in the Middle East for fresh cues on energy-driven inflationary risks and the outlook for U.S. interest rates. Spot gold rose 0.2% to $4,055.38 per ounce, after ⁠dropping ‌2% on Thursday to $4,047.26, while U.S gold futures ⁠for August delivery for August delivery gained 0.2% to $4,058.10. “Gold has shifted from earlier in negative territory to slightly positive, driven by lower oil prices, reducing pressure on the Fed to adjust its ‌rates,” said UBS analyst Giovanni Staunovo.