08:43 AM EDT, 07/24/2026 (MT Newswires) -- (Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)

US equity futures nudged higher pre-bell Friday as traders weighed a new set of tariffs imposed by the US on its trading partners and a decline in oil prices.

Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.2% higher.

The US has imposed new tariffs on 60 trading partners over alleged forced labor concerns. Countries that have committed to prohibit forced labor were hit with a 10% tariff, while those that have not committed will receive a rate of 12.5%.

President Donald Trump is seriously considering a "massive attack" on Iran, but has not given a deadline for his decision, according to an Axios report Thursday. He said that Iran "wants to negotiate," but he does not currently want to make a deal.

US forces completed the 13th straight round of attacks on Iran, US Central Command said in a post on X, adding that the Strait of Hormuz "remains open for transit" despite the recent attacks from Iran's Islamic Revolutionary Guard Corps.

Traders also digested the latest round of earnings, with American Express ( AXP ) posting higher Q2 earnings and revenue.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3.4% at $97.27 per barrel and US West Texas Intermediate crude 3.3% lower at $89.20 per barrel.

The July S&P Global Composite Purchasing Managers' Index, due at 9:45 am ET, is seen at 54.4, up from 53.9 previously, according to estimates compiled by Bloomberg. June new home sales, due at 10 am ET, are seen at a 607,000 annual rate, up from 580,000 previously.

In other world markets, Japan's Nikkei closed 2.7% lower, Hong Kong's Hang Seng ended 1% lower, and China's Shanghai Composite finished 1.6% lower. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 0.9% higher in Europe's early afternoon session.

In equities, Intel ( INTC ) stock rose 3.4% after the company reported a Q2 beat for adjusted earnings and its strongest revenue growth in 15 years, driven by a 59% surge in the data center and artificial intelligence unit. Oracle (ORCL) shares were up 2.3% after the company secured a 10-year enterprise software contract worth about $7 billion from the US Department of Defense. Amkor Technology ( AMKR ) stock was 12% higher after the company said it entered into a multi-year strategic partnership with Nvidia ( NVDA ) to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms.

On the losing side, American Express ( AXP ) shares dropped 3.8% after the company reported lower-than-expected Q2 net revenue. Verizon Communications ( VZ ) stock was down 1.7% after the company posted Q2 operating revenue that fell short of analysts' consensus estimates. Sanofi ( SNY ) shares fell 1.4% after the company said it stopped clinical testing and global regulatory applications for its amlitelimab medication treating moderate-to-severe atopic dermatitis.