The $30 million toe in the water

Asian markets saw a rebound after a mixed session in the previous day, with South Korea's Kospi soaring 8.4% and technology shares like Samsung Electronics and SK Hynix gaining.

Nvidia's strong quarterly report and rising oil prices also contributed to the market's recovery. However, U.S. futures slipped,with the S&P 500 down 0.3% and the Dow Jones Industrial Average losing 0.2%.

What auditors flagged in the May filing

The advance was partly powered by a stronger-than-expected quarterly report from chipmaker Nvidia, whose profit rocketed more than 200% higher in the February-April quarter from a year earlier, while revenue jumped 85%.

Nvidia has been one of the biggest beneficiaries from the boom in artificial intelligence, thanks to powerful demand for its high-end AI chips. Its shares rose 1.3% on Wednesday before its earnings report was released, but they fell 1.3% in afterhours trading after the announcement.

Oil prices push higher

Oil prices pushed higher early Thursday, a day after Brent crude had dropped 5%. Brent, the international standard, gained $1.46 to $106.48 per barrel, while U.S. benchmark crude added $1.53 to $99.79 per barrel.

Brent remains well above its roughly $70 level from before the war with Iran. Prices have been yo-yoing on rising and falling hopes that the United States and Iran can reach an agreement to allow oil deliveries to fully resume from the Persian Gulf to customers worldwide.

Broader trends

Stocks got a lift from easing yields in the bond market, as the yield on the 10-year Treasury fell to 4.57% from 4.67% late Tuesday.

That's a significant move for a market that measures things in hundredths of a percetnage point.. The 10-year Treasury yield had been rising from less than 4% before the war with Iran began, along with other government bond yields around the world, because of worries that the fighting will keep oil prices high, among other factors.