S&P 500 futures rose Thursday, as Wall Street tried to recover from back-to-back losing sessions. Futures tied to the broad market index climbed 0.5%, and Nasdaq-100 futures advanced 1.1% higher. Dow Jones Industrial Average futures were down 31 points, or 0.1%. Chip stocks led the way in early trading after Taiwan Semiconductor delivered another record quarter, reporting a 35% jump in profit that revived investor confidence in artificial intelligence. Taiwan Semi jumped 6% in the premarket, while Micron Technology popped 3%. Nvidia and AMD gained more than 1% each. The moves also come after President Donald Trump on Wednesday signed a proclamation that imposes a 25% tariff on certain semiconductors. However, the levy won’t apply to chips that are imported to contribute to the buildout of the U.S.’s technology supply chain. Morgan Stanley shares gained by more than 1% in early trading after the bank reported fourth-quarter results that exceeded expectations. Goldman Sachs dipped slightly, even after topping profit estimates in its most recent quarter. The latest economic data also pointed to a solid jobs market. Jobless claims data for the week ending Jan. 10 came in at 198,000, lower than the 215,000 expected by economists polled by Dow Jones. Wall Street is coming off a losing session Wednesday, as declines in tech and geopolitical risks weighed on investor sentiment this week. Nvidia is lower this week after Reuters reported, citing individuals briefed on the matter, that Chinese customs authorities advised customs agents this week that the chipmaker’s H200 chips are not allowed to enter the country. Oil prices were higher earlier this week as mounting tensions between the U.S. and top OPEC member Iran added to fears of supply disruptions. They’ve since slid after Trump signaled he might not attack Iran. Trump administration officials also met with Danish and Greenlandic foreign ministers on Wednesday as Trump continues to push for U.S. control of Greenland. Denmark and Trump have a “fundamental disagreement” over the kingdom’s ownership of Greenland, which wasn’t resolved during the meeting, a Danish official said. U.S. Treasury yields gained Thursday after the latest jobless claims data pointed to an improving labor market. Investors also assessed ongoing geopolitical uncertainty. The benchmark 10-year Treasury yield rose more than 1 basis points at 4.156%. The yield on the 2-year Treasury advanced more than 3 basis points to 3.55%. Meanwhile, the 30-year Treasury yield was slightly higher at 4.794%. Asia-Pacific markets traded mixed Thursday as investors assessed the Bank of Korea’s latest policy decision. The country’s benchmark Kospi jumped 1.58% to a record high of 4,797.55, while the small-cap Kosdaq rose 0.95% to end the trading day at 951.16. The Nikkei 225 declined 0.42% to 54,110.5, while the Topix added 0.68% to 3,668.98. Australia’s S&P/ASX 200 rose 0.47% to 8,861.7. Hong Kong’s Hang Seng index lost 0.66%, while CSI 300 fell 0.42%. Oil prices fell more than 4% on Thursday, after comments from U.S. President Donald Trump calmed fears that an American strike on Iran could be imminent. Brent crude oil futures, the global benchmark, lost 4.13%, or $2.75, to $63.77 a barrel. Front-month West Texas Intermediate crude lost $2.65, or 4.27%, to trade at $59.37 a barrel. Gold prices eased on Thursday following a record high in ‍the previous session, ‍as geopolitical and trade ‍risks receded after U.S. President Donald Trump suggested he may pause military action against Iran and Washington held off on imposing tariffs on critical minerals. Spot ‌gold ‌was down 0.70% to $4,587.99 per ounce. U.S. gold futures for February delivery fell 1.01% to $4,589.10. “Momentum (in gold) is really strong and people are happy to step on the dips and buy any dip they can get their hands on,” said Fawad Razaqzada, market analyst at City Index and FOREX.com, adding that concerns about the situation in Greenland were supporting prices.