Nasdaq Futures Flat as AI Selloff Pauses; Oil Above $114 on Iran Risk

Nasdaq futures held steady Friday as investors paused a selloff in artificial-intelligence stocks, though sentiment stayed muted as Brent crude rose more than 1% to top $114.50 a barrel amid risks of direct U.S.-Iran hostilities. Western Digital shares fell 2.9% premarket after earnings, and weakness in Meta Platforms extended, while chip makers and AI infrastructure stocks largely edged higher. South Korea's Kospi closed up 0.3%, still near April lows; SK Hynix rose 3.9% premarket after canceling a U.S. listing of its memory-chip unit. Investors are reappraising the AI trade, scrutinizing borrowing behind the buildout. S&P 500 futures were flat and Dow futures slipped 0.3%, while Hong Kong's Hang Seng added 0.8% and the Shanghai Composite gained 0.9%. European gas prices hit their highest since late 2022, pressuring the Stoxx 600, down 0.6%. Ten-year Treasury yields rose 5 basis points to top 5%, the dollar strengthened, bitcoin traded near $81,600 and gold futures fell 0.9% to $4,025 an ounce.