U.S. stock futures have already pared about half of their overnight drop as some of the initial reaction seen across global markets has started to unwind. Oil prices have come off their highs after spiking 14%.

The major averages posted modest gains on Thursday, placing them on track for a winning week. Softer-than-anticipated inflation reports helped lift stocks.

Stocks were headed for losses on Wednesday after a plan by China and the U.S. to get trade negotiations back on track left investors feeling underwhelmed. Inflation data later in the morning could [te

Stock futures fell sharply early Thursday, pointing to a rocky open as Wall Street grapples with a tragic plane crash involving Dow component Boeing (BA) and digests a blockbuster earnings report from software giant Oracle (ORCL).

U.S. stock futures have trimmed their losses on Thursday following the latest batch of U.S. economic data, although they continued to point to a weak open on Wall Street. Weakness in stocks overnight was driven by geopolitical tensions involving Iran and news of a plane crash in India.

U.S. stocks closed lower as investors assessed little progress on trade talks, after jumping in the morning on a cooler-than-expected inflation reading. The Dow Jones Industrial Average fell 1 point to close at 42,865.77, while the S&P 500 Index lost 16.51 points to settle at 6,022.30. The Nasdaq Composite was down 99.11 points, 0.5%, to 19,615.88

The escalation, which killed key Iranian figures, has heightened fears of supply disruptions, particularly through the Strait of Hormuz, a critical chokepoint for 20% to 30% of global oil trade.

Wednesday marked a losing session on Wall Street, with the S&P 500 snapping its three-day win streak, as did the Nasdaq Composite.

Trump’s tariffs and the latest trade deal with China continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

US stock futures slipped as Wall Street assessed easing tensions between the US and key trading partners as well as softening inflation.