U.S. stock futures are lower ahead of the Wall Street open after an evacuation of personnel in the Middle East due to rising tensions in the area. Also weighing on stocks is Boeing (BA) shares, which are falling on the back of an Air India crash involving the 787 Dreamliner.

The moves come after a weaker than expected CPI report on Wednesday and a framework agreement with China on trade. Investor focus today will be on data, including Jobless Claims and PPI numbers.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 1.8% near $67 a barrel after hitting their highest price in more than two months overnight, after U.S. President Donald Trump said U.S. personnel were being moved out of the Middle East, which raised fear that escalating tensions with Iran could disrupt supply.
• Gold (/GC) – Gold prices are up 1.6% near $3405, bolstered by rising tensions in the Middle East and a weaker dollar, while softer-than-expected U.S. inflation data boosted expectations of Federal Reserve rate cuts.
• Bitcoin (/BTC) – The Crypto Future is down over 1.6% near 107.3K in the premarket.
• VIX – The CBOE Volatility Index was up 1.8% on Wednesday and settled at 17.26 as stocks reversed to finish in the red. It has spiked 8% premarket to 18.65.
• U.S. Dollar (/DX) – The dollar is down over 0.5% around 97.5.

Biggest Premarket Movers (Mark % Change as of 7 AM ET)

1. Oracle (ORCL): +8.86%
2. Newmont (NEM): +1.29%
3. Microsoft (MSFT): +0.33%

1. Boeing (BA): -7.61%
2. GE Aerospace (GE): -4.01%
3. Tesla (TSLA): -2.06%

Economic Data

• 8:30AM ET: Jobless Claims, PPI
• 10:30AM ET: Natural Gas Inventories
• 1:00PM ET: 30-Year Bond Auction
• 4:30PM ET: Fed Balance Sheet

Notable Earnings

• Premarket: LOVE
• Postmarket: ADBE, RH
• Premarket Tomorrow: None
• Postmarket Tomorrow: None

Upgrades/Downgrades

• Wolfe Research upgrades Datadog (DDOG) to Outperform from Peer Perform
• TD Cowen upgrades Tapestry (TPR) to Buy from Hold
• BofA downgrades Conagra Brands (CAG) to Underperform from Neutral
• Cantor Fitzgerald downgrades Joby Aviation (JOBY) to Neutral from Overweight
• Wolfe Research downgrades CF Industries (CF) to Peer Perform from Outperform

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Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.