U.S. stock futures ticked higher Thursday, with traders looking to recover after the Federal Reserve indicated the possibility of a rate hike this year—sparking a sell-off in equities during the previous session. S&P 500 futures and Nasdaq 100 futures climbed 0.9% and 1.6%, respectively. Futures tied to the Dow Jones Industrial Average rose by 303 points, or 0.6%. Intel led chip stocks higher, rising 9% after President Donald Trump said the company will partner with Apple on designing chips in the U.S. Fellow semiconductor names such as Nvidia and Micron were also higher by 1.2% and 4.7%, respectively. The iShares Semiconductor ETF (SOXX) jumped 3.9%. Wall Street sold off Wednesday after the Federal Reserve’s first meeting with Kevin Warsh as chairman raised worries about monetary policy going forward. Policymakers’ “dot plot” revealed that several Fed officials now see interest rates increasing in 2026. The median estimate for the year-end interest rate now stands at 3.8%, up from 3.4% in prior projections from March, suggesting that at least one rate hike could be in the picture in 2026. Complicating the forecast was Warsh’s decision to abstain from submitting a rate forecast. “The Fed held rates steady but spoiled the mood with a much more hawkish dot plot. Elevated inflation makes that understandable, but the committee is far from united, with only about half still penciling in rate hikes later this year,” said Sonu Varghese, chief macro strategist at Carson Group. “The bigger point is that policy still looks loose for an economy where inflation remains a problem and the labor market is stabilizing.” “The market doesn’t like regime change,” added David Zervos, chief market strategist at Jefferies, on CNBC’s “Closing Bell: Overtime” on Wednesday afternoon. Treasury yields were mixed on Thursday as investors digested the conclusion of Kevin Warsh’s first meeting as chair of the Federal Reserve. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was largely flat at 4.457%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, rose over two basis points to 4.189%. The longer-dated 30-year Treasury bond yield fell over 4 basis points to 4.885%. Asia-Pacific markets closed mostly higher, with South Korea’s Kospi and Japan’s Nikkei 225 jumping to fresh records, rising 2.3% and 1.7%, respectively. Hong Kong’s Hang Seng index fell 1.6%, while mainland China’s CSI 300 added 0.21%. Australia’s S&P/ASX 200 slid 0.62%. In Europe, the Stoxx 600 fell 0.4%. Oil prices declined Thursday after President Donald Trump signed ​a deal ​with his Iranian counterpart Masoud Pezeshkian to end the ​war in the Middle East, while the International Energy Agency flagged a supply glut next year. International benchmark Brent crude futures for August dropped about 1% to $78.64 a barrel by 7:36 a.m. ET. U.S. West Texas Intermediate futures for July fell 1.7% to $75.46 per barrel. Gold inched up on Thursday as support from lower oil prices ​following the U.S. -Iran ​ceasefire deal countered pressure from ​a stronger dollar and hawkish Federal Reserve rhetoric. Spot gold was up 0.2% at $4,264.67 per ounce after falling 1.7% on Wednesday. U.S. gold futures fell 2.2% to $4,284.00.