US stocks rise as oil prices ease amid Gulf tensions; Palantir shares fall despite strong earnings.

US stock futures rose with the Nasdaq leading gains as oil prices pulled back after initial Gulf tensions did not escalate. Despite geopolitical risks involving the US and Iran around the Strait of Hormuz, strong corporate earnings boosted market sentiment, with 84% of S&P 500 companies beating earnings expectations. Palantir's shares fell 3% premarket despite reporting strong revenue and profit growth. Investors also watch Federal Reserve leadership changes and upcoming earnings from major companies like Shopify and Pfizer.