Today's Wall Street outlook is stable, while oil prices reach almost 14-year highs.

BY THE NUMBERS

U.S. stock futures rose modestly on Thursday, with a second round of cease-fire talks between Russia and Ukraine set in neighboring Belarus. However, fighting continued on multiple fronts in Ukraine as Russian troops hold outside the capital city of Kyiv. The S&P 500 and the Dow Jones Industrial Average broke a two-session losing streak in Wednesday's strong rally that saw both benchmarks rise roughly 1.8% each. The S&P 500 gained 1.6%. (CNBC)

The American oil benchmark, WTI, rose again on Thursday, reaching highs not seen since September 2008, above $116 per barrel before backing off those levels. The disruptions in trade caused by sanctions on Russia were raising concerns about energy supply. The world's three largest container shipping lines have temporarily suspended nonessential bookings to and from Russia, joining a growing list of companies shunning Moscow. (CNBC)

On Thursday, the stock market experienced a 1.86% decline, following its largest one-day increase since March 2020. This was due to investors shifting their focus from bonds to stocks and other riskier assets. The uncertainty surrounding Russia and Ukraine caused bond prices to rise on Tuesday, which in turn caused the 10-year yield to fall below 1.7%. (Source: CNBC)

The Labor Department reported fewer-than-expected initial jobless claims of 215,000 for the week ended Feb. 26. The data came a day before the government's monthly employment report and a day after ADP's stronger-than-expected data on hiring at U.S. companies in February. Fed Chairman Jerome Powell is back on Capitol Hill on Thursday. (CNBC)

IN THE NEWS TODAY

The United Nations announced on Thursday that over 1 million people have fled Ukraine during the second week of Russia's invasion. Russia has allowed Kyiv's residents to evacuate the city towards Vasylkiv, located southwest of the city. Meanwhile, a column of tanks and other vehicles has been stalled outside Kyiv for days, and explosions rocked the city overnight. A huge fireball was seen rising into the sky in a video posted on social media, but the targets of the explosion are not yet known. NBC News is working to verify the social media posts. (AP/CNBC)

The House panel probing the Jan. 6 Capitol insurrection revealed on Wednesday that its investigation has uncovered evidence suggesting that crimes were committed by former President Donald Trump and his allies in their unsuccessful attempt to overturn the 2020 presidential election results. (AP)

Best Buy reported fourth-quarter revenue that fell short of expectations and per-share earnings that matched estimates on Thursday. Despite this, the stock gained 9% in the premarket, even as the consumer electronics retailer also delivered a weaker-than-expected outlook for fiscal 2022. Best Buy is facing challenging year-over-year comparisons due to the pandemic and stimulus checks fueling sales.

On Thursday, the premarket saw a 20% decline in shares of (SNOW), following the cloud software company's forecast of slowing product revenue growth, which accounts for most of its total sales. Despite Snowflake's better-than-expected revenue growth of 101% year over year in its fiscal fourth quarter, this is the slowest sales growth since at least 2019. (Source: CNBC)

STOCKS TO WATCH

Cramer's Investing Club: AEO's cautious guidance is rooted in temporary headwinds, including the fading benefits of federal stimulus and rising freight expenses, which are expected to lead to a decline in earnings in the first half of 2022. Shares fell 4% in the premarket. (CNBC)

John Foley, co-founder and ex-CEO of PTON, has sold approximately $50 million in stock to an investment firm backed by Michael Dell, MSD Partners, according to a securities filing. Foley left the CEO position in February and was replaced by Barry McCarthy, a former executive at Netflix and Spotify. (Source: CNBC)

Elon Musk, CEO of Tesla (TSLA), has stated that he is open to the United Auto Workers holding a vote on organizing the electric automaker, despite previously resisting such a move. Tesla's lack of unionization has put it at odds with the Biden administration, as the president promotes the use of union-made electric vehicles. (WSJ)

* Tesla and Musk face trial over CEO's $1.6 billion pay package from 2018 (CNBC)* Amazon workers in New York are allowed to hold a second union election (Reuters)

Google has announced that it will end its voluntary work-from-home period and have employees in the Bay Area and several other U.S. locations return to the office, effective the week of April 4. This comes a week after CNBC reported that the company had been relaxing some of its Covid mandates. Meanwhile, Apple has announced an event on March 8, with a low-cost 5G iPhone and new iPad expected.