On May 5, US stock futures rebounded as crude oil prices retreated, lifting market sentiment. Futures for the S&P 500 rose 0.4%, while the Nasdaq 100 gained 0.6% and Dow Jones Industrial Average futures advanced 0.3%. This recovery follows a previous session where all major averages closed lower due to escalating tensions in the Middle East, particularly after the US and Iran exchanged fire in the Strait of Hormuz. Despite these geopolitical concerns, robust corporate earnings, particularly from technology firms, continue to support market optimism. Notably, Intel shares jumped over 4% in premarket trading. Crude oil prices eased, with Brent crude dropping below $113 per barrel after a sharp spike. Investors are also looking ahead to the US Labor Department's Job Openings and Labor Turnover Survey (JOLTS) report, which could provide further insights into the labor market.