AM Markets Need to Know: Anduril HQ for sale, Iran on Hormuz, and more (SP500:)

Futures on the S&P 500 and Nasdaq were higher before the opening bell. Nasdaq contracts led the pack after Micron delivered stronger-than-expected results for its fiscal third quarter.

Micron reported revenue and profit above Wall Street estimates late Wednesday. The chipmaker benefited from sustained demand for memory chips used in AI data centers. The stock rose more than 4% in premarket trading.

The broader market also drew support from a pair of geopolitical leads. Reports surfaced that Anduril Industries is exploring a sale of its headquarters. Separately, Iran's position on the Strait of Hormuz remained a focal point for energy traders. Oil futures ticked higher on the news.

Investors are scanning for further details on both fronts. The Anduril sale could signal a shift in defense-tech strategy. The Iran situation keeps the risk of supply disruption on the table for crude markets.

S&P 500 futures added roughly 0.3% as of 7:15 a.m. ET. The moves follow a mixed session on Wednesday. All three major U.S. indices are tracking toward a rebound to wrap the week.

No significant economic data releases are scheduled before the open. Earnings reports from a handful of smaller firms may offer sector-level cues. For now, the momentum from Micron and the watch on commodity headlines set the early tone.