* Futures up: Dow 0.13% , S&P 0.1%, Nasdaq 0.08%

* Snap falls after Q1 advertising revenue hit

* Whirlpool plunges following Q1 sales miss

(Updates prices, adds analyst comment)

By Sruthi Shankar and Utkarsh Hathi

May 7 (Reuters) - S&P 500 and Nasdaq futures traded near

all-time highs on Thursday as oil prices slid further on hopes

of a U.S.-Iran peace deal that could potentially normalize crude

supplies through the Strait of Hormuz.

The United States and Iran are edging toward a limited,

temporary agreement to halt their war, sources and officials

said, with hope that a deal could lead to the reopening of the

crucial waterway. Global stocks climbed to record peaks while

oil prices fell deeper below $100 a barrel.

Tehran is now expected to respond to the peace proposals.

A relentless rally in technology and AI names has also

played a big role in pushing U.S. stocks to fresh highs as

investors cheered a strong earnings season and upbeat economic

data.

At 7:05 a.m. ET, Dow E-minis gained 63 points,

or 0.13%, S&P 500 E-minis rose 7.75 points, or 0.1%, and

Nasdaq 100 E-minis were up 23.75 points, or 0.08%.

"(The) oil shock should not be for long, as US political

time-line constrain a prolonged conflict in '26," Societe

Generale strategists said in a note.

"Profits remain the anchor, supported by fiscal policy,

AI-led capex, the power cycle and industrial policy - sustaining

a positive bias for US assets."

U.S. private payrolls rose by 109,000 jobs in April, their

biggest rise in 15 months, data on Wednesday showed, pointing to

continued labor market stability despite elevated global

tensions.

Weekly jobless claims numbers are due at 8:30 a.m. ET.

Investors are awaiting the more comprehensive nonfarm payrolls

report on Friday, with jobs seen increasing by 62,000 in April

after rebounding 178,000 in March, according to a Reuters poll

of economists.

Traders continued to bet the U.S. Federal Reserve will hold

interest rates steady through the end of the year due to signs

of a resilient labor market and elevated energy prices. That is

a stark shift from several rate cuts investors priced in before

the war.

Fed presidents Neel Kashkari of Minneapolis and Beth Hammack

of Cleveland as well as New York head John Williams - all voting

members of the interest rate-setting committee this year - are

scheduled to speak later in the day.

Among early movers, U.S.-listed shares of Arm Holdings

, which licenses technology to semiconductor designers,

dropped 8.8% in premarket trading on worries about the company's

ability to secure sufficient supplies for its new AI chip,

overshadowing a strong earnings forecast.

Snap tumbled 9% after the Snapchat parent said its

first-quarter advertising revenue was impacted by the conflict

in the Middle East and slowing growth in North America.

Whirlpool slumped 17.8% after the home-appliance

maker missed analysts' estimates for first-quarter sales and

suspended its dividend.