New Delhi, July 30 -- US stock futures traded higher in Thursday's session as strength in select technology heavyweights supported Wall Street, even as tensions in the Middle East remained elevated.

S&P 500 futures gained 0.5%, while Dow Jones Industrial Average futures rose 140 points, or 0.3%. Nasdaq 100 futures advanced 1.1% after the index slipped into technical correction territory.

Among individual stocks, Microsoft surged 10% in premarket trading after its cloud business posted its fastest growth in four years and the company maintained its spending guidance.

In contrast, Meta Platforms fell 10% in premarket trade after the social media giant missed investor expectations on earnings and issued weaker-than-expected revenue guidan...