Stock futures climbed Thursday morning after the recent market rally took a breather. Futures connected to the Dow Jones Industrial Average climbed 237 points, or 0.63%. S&P 500 futures added 0.77%, while the Nasdaq 100 futures advanced about 1%. Micron jumped more than 7% in the premarket after beating Wall Street expectations for the first three months of its new fiscal year. The company also offered current-quarter guidance that exceeded analysts’ consensus forecasts. Salesforce gained 2% following an upgrade from Morgan Stanley. The moves follow a losing day on Wall Street, during which investors took profits after recent gains. The S&P 500 dropped almost 1.5%, its worst day since September. The Dow and Nasdaq slipped about 1.3% and 1.5%, respectively, to notch their worst sessions since October. Wednesday’s session also also snapped nine-day winning streaks for both. Those drops mark a breather from the recent market rally. From their late October closing lows through Tuesday, the Dow and S&P 500 both jumped more than 15%. The Nasdaq Composite surged roughly 19% over the same period. “The markets have run so strongly for so long,” said Rob Haworth, senior investment strategist at U.S. Bank Asset Management. “There’s maybe just some exhaustion in terms of buyers, and we’re starting a bit of a short-term consolidation phase.” Investors will watch Thursday for data on jobless claims and the third-quarter gross domestic product before Friday’s reading of the personal consumption expenditures price index, which is a closely followed gauge of inflation. Traders will also monitor Nike earnings expected Thursday after the bell. The 10-year U.S. Treasury yield was little changed Thursday as investors continue to assess the path of future rate cuts from the Federal Reserve. The yield on the benchmark 10-year Treasury note was at 3.873% after hitting its lowest level since July on Wednesday. The yield on the 30-year Treasury bond was flat at 4.005%, while the 2-year yield was little changed at 4.368%. Most Asia-Pacific markets fell Thursday after Wall Street dropped overnight, while investors awaited gross domestic product reading and inflation numbers from the U.S. However, Hong Kong’s Hang Seng index reversed earlier losses to rise 0.1% in its final hour of trade, while the mainland Chinese CSI 300 closed 1.01% up at 3,330.87. In Australia, the S&P/ASX 200 was down 0.45%, closing at 7,504.1. Japan’s Nikkei 225 plunged 1.59% to end at 33,140.47 after nearly reaching a 33-year high on Wednesday, while the Topix fell 1% to close at 2,325.98. Both the indexes were dragged lower by safety scandals at automaker Toyota. South Korea’s Kospi also dropped 0.55% to finish at 2,600.02, while the small-cap Kosdaq shed 0.41% to end at 859.44, snapping a three-day winning streak. Oil prices fell on Thursday, as concerns over low demand following a surprise U.S. crude inventory build outweighed jitters over global trade disruptions and geopolitical tensions in the Middle East. Brent crude futures fell 65 cents, or 0.8%, to $79.05 a barrel by 0120 GMT while U.S. West Texas Intermediate crude was at $73.67 a barrel, down 55 cents, or 0.7%. Gold prices crept higher on Thursday, but traded in a relatively tight range as investors looked to U.S. economic data for further clarity on the Federal Reserve’s next monetary move. Spot gold was up 0.2% at $2,033.98 per ounce, as of 1035 GMT, trading in a narrow $9 range in the session so far. U.S. gold futures fell 0.1% to $2,045.70.