Equity futures rose as markets weighed a potential rate hike

Equity futures rebounded as markets recovered from the previous session's sell-off, with the Nasdaq-100 leading the gains. Investors are weighing the possibility of a future interest rate hike later this year following recent indications from the Federal Reserve. Meanwhile, WTI Crude Oil futures continued to slide, dropping below $75 a barrel. In economic data, weekly jobless claims rose slightly higher than expected to 226,000, while the Philly Fed manufacturing index showed improvement, climbing to 10.3. In equity options, volume remained robust ahead of the holiday weekend, with strong near-term bullish flow in Russell contracts. In the digital asset space, Bitcoin futures slipped by $1,600 to trade near $62,000 as over 50,000 Micro Bitcoin contracts traded at CME Group amid a more hawkish macroeconomic outlook.