* Futures up: Dow 0.35%, S&P 500 0.4%, Nasdaq 0.62%

* Intel ( INTC ) rises after talks with Apple ( AAPL ) for chipmaking

* Archer-Daniels-Midland ( ADM ) up following Q1 profit beat

(Updates prices)

By Niket Nishant and Utkarsh Hathi

May 5 (Reuters) - U.S. stock index futures rose on

Tuesday, signaling a rebound in equities as oil prices ticked

lower even though renewed tensions threatened to upend a fragile

Middle East truce after the U.S. and Iran exchanged fire ​in the

Gulf.

Markets are being pulled in opposite directions by the

conflict and the rapidly shifting situation on the ground. While

some investors believe worst-case scenarios are still not fully

priced in, others argue the focus should remain on underlying

economic fundamentals and strong earnings.

Moves have been volatile as a result, with equities

vulnerable to sudden reversals as new and often conflicting

headlines emerge.

At 6:35 a.m. ET, Dow E-minis added 172 points,

or 0.35%, S&P 500 E-minis gained 29 points, or 0.4%, and

Nasdaq 100 E-minis rose 173.5 points, or 0.62%.

Brent crude futures fell1.56%, but were still

trading above $110 a barrel.

"U.S. earnings are on a roll. The broader earnings backdrop

looks healthy as well," BlackRock Investment Institute analysts

led by Global Chief Investment Strategist Wei Li said in a note.

However, they warned that "even U.S. equities won't be

insulated" if the crucial oil shipping route through the Strait

of Hormuz does not open.

Being a net energy exporter, the U.S. has held up better

than economies that rely on imports, with the benchmark S&P 500

and the Nasdaq Composite hitting record highs in

recent days.

Meanwhile, grain trader Archer-Daniels-Midland ( ADM ) rose

1.2% premarket after reporting better-than-expected

first-quarter profit on higher margins.

DuPont ( DD ) gained 3.4% after the industrial materials

maker lifted its annual profit forecast.

Shares of Pinterest ( PINS ) jumped 17% after the

image-sharing platform forecast second-quarter revenue above

analysts' estimates.

Intel ( INTC ) rose 4.1% after Bloomberg News reported Apple ( AAPL )

had held exploratory discussions about using Intel ( INTC )

and Samsung Electronics ( SSNLF ) to produce the main

processors for its devices.

Investors now await the U.S. Labor Department's latest Job

Openings and Labor Turnover Survey, ⁠or JOLTS report, due to be

released at 10 a.m. ET.