S&P 500 futures fell on Thursday as traders caught their breath after a strong performance in the previous session and kept an eye on oil rising prices. Futures tied to the broad market index fell 0.3%, while Nasdaq 100 futures declined 0.4%. Dow Jones Industrial Average futures declined 264 points, or 0.5%. Stocks rose in Wednesday’s session, buoyed by gains in technology and semiconductor giants. The Dow snapped a three-day losing run. The S&P 500 and Nasdaq Composite ended the day with solid gains. “Things are changing around the edges. We have a geopolitical shock, obviously, and we’re still parsing that in terms of how it could impact the risk premium for equities,” said Bank of America Securities head of U.S. equity and quantitative strategy Savita Subramanian on CNBC’s “Closing Bell: Overtime.” “But beyond that, I think what we’re seeing is the tide slowly going out for some of the beneficiaries of a very low interest rate environment,” she added. Oil prices stabilized on Wednesday after this week’s surge, with West Texas Intermediate crude futures settling up 0.13% and Brent crude futures ending the session at the flatline. Fears of disruption to regional oil and gas supplies subsided after President Donald Trump said on Tuesday that the U.S. is preparing to provide risk insurance and escorts to ships in the Persian Gulf in an effort to ensure traffic can move through the Strait of Hormuz. To be sure, the White House would not provide a timeline for when the strait, which is responsible for roughly 20% of the world’s oil supply, will be safe for oil tankers. Defense Secretary Pete Hegseth said in a briefing with reporters that the U.S. is “winning decisively” in its conflict with Iran and that more forces are arriving to the region. Separately, Treasury Secretary Scott Bessent said on that Trump’s recently announced 15% global tariff will likely go into effect this week. U.S. Treasury yields moved higher on Thursday as investors continued to digest the U.S.-Iran war. The benchmark 10-year Treasury yield was up more than 4 basis points at 4.123%. The 30-year Treasury bond added more than 3 basis points to yield 4.746%. The 2-year Treasury note yield was more than 3 basis point higher at 3.576%. South Korea’s Kospi jumped as much as 12% on Thursday, staging a sharp rebound from its worst session, and on course to clock its best day, data from LSEG showed. The small-cap Kosdaq closed 14.1% higher at 1,116.41. Other Asia-Pacific markets also jumped Thursday, rebounding after several days of steep losses as sentiment improved following overnight gains on Wall Street and easing concerns over surging oil prices. Australia’s S&P/ASX 200 gained 0.44% to ending the trading day at 8,940.3.Japan’s Nikkei 225 rose 1.9%, closing at 55,278.06. Hong Kong Hang Seng index was up 0.35%, while the CSI 300 rose 0.98% to 4,647.69 after China on Thursday set its GDP growth target for 2026 at 4.5% to 5%. Oil prices rose on Thursday, extending a rally as the escalating U.S.-Israeli ​war with Iran continued to disrupt ​supplies, prompting some major ​producers to cut production and others to take measures to ensure supply security. Brent crude was up $2.35, or 2.9%, at $83.75 per barrel, a fifth session of gains. U.S. West Texas Intermediate crude rose $2.42, or ⁠3.2%, ‌to $77.08. Oil markets are tightening, with the Chinese government telling ⁠the largest oil refiners to suspend exports of diesel and gasoline, said PVM analyst John Evans. European diesel futures reached their highest level since October 2022 at $1,130. Gold prices rose on Thursday, lifted ​by safe-haven demand amid an escalating war in the Middle East, though a stronger dollar ‌and concerns around the U.S. Federal Reserve’s monetary policy capped gains. Spot gold was up 0.4% at $5,156.11 per ounce, while U.S. gold futures for April delivery were up 0.7% at $5,168.20. Gold, which hit a record $5,594.82 in ​January, initially jumped above $5,400 on Monday as the launch of the U.S.-Israeli air war against ​Iran sparked safe-haven demand, but pulled back from those highs as the dollar also ⁠benefited from a flight to safety. The U.S. dollar rose about 0.2% after briefly ‌retreating ⁠from three-month highs, as the fallout from the war roiled global markets and kept sentiment fragile. Spot silver rose 0.8% to $84.1 per ounce.