US stock futures rose on Friday, recovering some losses from the previous session after President Donald Trump extended the deadline to strike Iranian energy infrastructure by 10 days amid ongoing negotiations with Tehran. Trump also said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the US. Meanwhile, Iran confirmed it had rejected the US’ 15-point plan to end the war and submitted its own conditions, including recognition of Tehran’s authority over Hormuz. In regular trading on Thursday, the Dow fell 1.01%, the S&P 500 dropped 1.74%, and the Nasdaq Composite tumbled 2.38%, with technology stocks leading the decline as Treasury yields rallied. A sharp surge in energy prices and persistent geopolitical tensions also heightened stagflation concerns.
