US stocks-Wall St futures tick higher as oil retreats ahead of inflation data

Dow component Cisco Systems CSCO.O dropped 5.8% despite the networking equipment maker forecasting fiscal 2027 revenue above Wall Street expectations. PC makers Dell Technologies DELL.N and HP HPQ.N gained 3.6% and 2.6%, respectively, in premarket trading after earnings from China's Lenovo 0992.HK beat expectations. Cerebras Systems CBRS.O slumped more than 17% after the AI chip designer missed quarterly revenue estimates. Its shares had rallied about 24% in the last four sessions. Accelerant ARX.N soared 44% after private equity firm Thoma Bravo agreed to take the insurance marketplace private in an all-cash deal worth over $4 billion. Tapestry TPR.N shares plunged 8.3% despite the Coach-owner's upbeat annual earnings forecast. Later in the day, investors will parse a weekly jobless claims report, along with commentary from Cleveland Fed President Beth Hammack and Richmond Fed President Thomas Barkin. At 07:00 a.m. ET, Dow E-minis YMcv1 were up 114 points, or 0.21%, S&P 500 E-minis EScv1 were up 14.25 points, or 0.18% and Nasdaq 100 E-minis NQcv1 were up 28.25 points, or 0.09%. The tech-heavy Nasdaq has rebounded after slumping to more than 10% below its all-time highs just two weeks ago, as strong earnings from AI hyperscalers and some technology stocks revived enthusiasm for the AI trade. The Dow .DJI and the S&P 500 .SPX were hovering close to their record highs, while the Nasdaq .IXIC was around 2% away from its own peak. Overall, robust earnings in several sectors have proven to be the latest tailwind for U.S. stocks after a rocky start to the second half of 2026. The earnings calendar is thinning out, with more than 430 S&P 500 companies .SPX having already reported for the quarter ended June. Most megacap and growth stocks were trading higher, with Alphabet GOOGL.O, Amazon AMZN.O and Apple AAPL.O all up between 0.3% and 0.5%. U.S. stock index futures inched higher on Thursday as crude oil prices fell and investors awaited producer-price inflation data for clues on price pressures and the Federal Reserve's interest rate path. Brent crude futures LCOc1 fell about 2%, after six straight sessions of gains as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks. Iran and the United States remain at loggerheads over efforts to agree on a permanent end to the war in the Middle East, according to a senior Iranian source, while traffic through the vital Strait of Hormuz remained severely curtailed. "While oil volatility remains a risk, we do not currently see higher energy prices as a source of sustained underlying inflationary pressure," said analysts at UBS Global Wealth Management in a note. July producer prices figures are due at 8:30 a.m. ET. This follows benign July consumer inflation data that strengthened expectations that the Fed would hold interest rates steady at its next meeting. Money market participants saw a 66% chance that the Fed would hold rates steady, up from roughly even odds between a rate hike and a pause on Wednesday, according to CME's Fed Watch tool. A further easing of core goods and services inflation should lessen pressure on policymakers to raise interest rates soon, they said.

US stocks-Wall St futures tick higher as oil retreats ahead of inflation data

Individual movers from earnings and deal activity

Pre-market gains in major indexes and tech stocks

Futures edge higher as traders await producer-price data

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