New Delhi, May 8 -- US stock futures indicated a positive start in Friday's trade, May 8, after all three key headline indices closed the previous volatile session in the red. Traders continue to monitor the latest developments in West Asia.

Futures tied to the S&P 500 rose 0.5%, while those linked to the Nasdaq Composite rose 0.7% and Dow Jones Industrial Average was up by 0.30%. In the previous session, both the S&P 500 and Nasdaq Composite scaled fresh record highs before giving up all their gains and ending the session lower.

Tensions in the Middle East, which earlier appeared to be moving toward a long-term peace deal, resurfaced after US and Iranian forces clashed near the Strait of Hormuz, reviving concerns over energy supplies a...