S&P 500 futures advanced 1% to trade near 7,670, snapping a four-session decline and recovering much of the week's selling pressure. Lower crude oil prices—driven by potential talks regarding shipping lanes in the Middle East—helped ease market headwinds alongside a strong quarterly earnings cycle. All major U.S. equity index futures posted gains, with E-mini Nasdaq-100 and Dow futures rising roughly 1% while E-mini Russell 2000 futures gained 0.5%. Dan Deming breaks down the key market drivers.