New Delhi, July 16 -- The US stock futures traded mixed on Thursday, 16 July, as escalating tensions in the Middle East kept investors cautious, while markets awaited earnings from major technology companies to assess whether lofty valuations remain justified.

Futures tied to the S&P 500 slipped 0.1%, while Nasdaq 100 futures declined 0.4%. Meanwhile, futures linked to the Dow Jones Industrial Average rose 145 points, or 0.3%.

Wall Street ended the previous session higher after a softer-than-expected US producer price index (PPI) reinforced optimism that inflationary pressures are easing.

Chipmakers, which have led this year's equity rally, are increasingly coming under pressure as investors question lofty valuations and whether AI hyp...