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* Futures up: Dow 0.38%, S&P 500 0.72%, Nasdaq 1.36%

June 18 (Reuters) - U.S. stock index futures rebounded on

Friday after the previous session's selloff as optimism about a

Middle East peace deal lifted shares of technology firms

including Intel ( INTC ), tempering worries about a hawkish Federal

Reserve under new Chair Warsh.

Intel's ( INTC ) shares rose 9.3% in premarket trading after

U.S. President Donald Trump said Apple ( AAPL ) had agreed to

work with the company to design and manufacture its chips in the

U.S.

Other technology stocks were also higher. Nvidia ( NVDA )

rose 1%, while Micron and Marvell Technology ( MRVL )

added 4% each.

All three indexes sank on Thursday after investors priced in

rate hikes from the Fed after Chair Kevin Warsh emphasized the

need to tame inflation, while other policymakers projected

rising interest rates later this year.

Markets are currently pricing in a 50% chance of a 25-bps

rate hike in September, according to CME Group's FedWatch tool,

higher than 27% priced in on Wednesday.

"The combination of a new chair regime, hawkish projections,

and a wide dispersion of views implies a higher bar for

near-term action in either direction," said Mark Haefele, chief

investment officer at UBS Global Wealth Management.

"In our view, this points to an extended period of policy on

hold, with meaningful adjustments more likely once the task

force process is complete, and the committee has greater clarity

on the economic outlook."

Still, oil prices sliding to a more than three-month low

kept alive the hope that inflation could be tamed without hiking

interest rates.

The United States and Iran released the text of an interim

agreement their presidents have signed to end the war, extending

the April ceasefire by another 60 days to allow the two sides to

reach a final deal.

At 05:01 a.m. ET, Dow E-minis rose 199 points, or

0.38%, S&P 500 E-minis gained 54 points, or 0.72%, and

Nasdaq 100 E-minis were up 403.25 points, or 1.36%.

Markets have regained ground from a slump in early June,

with a resilient economy, broadening rally beyond tech shares

and optimism surrounding a U.S.-Iran deal boosting sentiment.

Economic data on Thursday showed U.S. retail sales increased

more than expected in May, with households purchasing more cars

and other vehicles even as they paid higher prices for gasoline.

The Nasdaq and the blue-chip Dow were on

track to end the week higher for a second consecutive week

before Friday's Juneteenth holiday.

Among other early movers, Rumble jumped 16.2% after

rebranding to RUM Group and closing its acquisition of German AI

cloud company Northern Data.

Smith & Wesson soared 16.6% after reporting a

fourth-quarter rise in sales.