Today's watchlist: Oil recovers after Russia-Ukraine negotiations fall apart, causing stock futures to decline.

BY THE NUMBERS

U.S. stock futures plummeted on Thursday, but later rebounded 4% in morning trading after the latest round of Russia-Ukraine talks failed to make progress on a cease-fire or safe passages for evacuating civilians. As oil and gasoline prices continue to rise, investors are grappling with another hot inflation report. (CNBC)

The Dow and Nasdaq broke their losing streaks on Wednesday, with the Dow jumping 2.5% and the Nasdaq surging nearly 3.6%. The S&P 500 also popped 2%. Oil prices took a sharp leg lower, giving stocks an extra boost as West Texas Intermediate crude tumbled more than 12%.

On Thursday, the Consumer Price Index (CPI) rose to around 1.98%, surpassing February's 7.9% increase over the past 12 months and reaching a new 40-year high. Despite this, core inflation, which excludes food and energy, still rose 6.4%, in line with expectations but the highest since August 1982. Meanwhile, Bitcoin dropped below $40,000, almost wiping out gains from President Biden's recent crypto order. (CNBC)

The Federal Reserve is expected to start raising interest rates next week, according to CNBC.

Cramer's Investing Club is selling shares of Amazon on its 20-for-1 stock split, despite the company's strong performance in a down premarket.

IN THE NEWS TODAY

On Thursday, the cease-fire talks failed, one day after Russian forces bombed a maternity hospital in Mariupol, killing three people, including one child. Russian Foreign Minister Sergey Lavrov claimed without evidence that the hospital had already been captured by Ukrainian "ultra radicals." Meanwhile, Ukraine Foreign Minister Dmytro Kuleba accused Russian officials of "living in their own reality." (CNBC)

On Thursday, U.S. Vice President Kamala Harris will meet with Polish leaders in Warsaw to discuss the ongoing disagreements over arming Ukraine with warplanes to fight Russia's invasion. Ukrainian President Volodymyr Zelenskyy has been urging NATO to impose a no-fly zone or provide it with fighter jets. (Reuters)

Roman Abramovich, a Russian oligarch and longtime ally of President Putin, has been sanctioned by U.K. authorities. Meanwhile, seven Russian businessmen, including Abramovich, have been added to the U.K.'s sanctions list. (Reuters)

A federal judge has ordered (WMT) to immediately rehire a woman with Down syndrome and give her more than $50,000 in back pay after she prevailed in a disability discrimination lawsuit related to her firing from a Wisconsin store. (CNBC) Workers at three New York Starbucks cafes vote to unionize (Reuters) Chipotle Mexican Grill to release pollo asado as latest limited-time menu item (CNBC)

United Airlines (UAL) will allow unvaccinated workers to return at the end of this month for religious or medical reasons, according to The Wall Street Journal. The airline has already fired more than 200 employees who refused vaccination, and they will not be reinstated, the Journal reports. Meanwhile, Uber and Lyft drivers are facing backlash from riders over face masks as states lift mandates, the Journal adds.

Peloton (PTON) will introduce a new pricing model on Friday, where customers will pay a monthly fee that covers both the bike and workout videos. If a customer cancels, Peloton will return the bike at no additional cost. (WSJ)

STOCKS TO WATCH

The FAA has finalized safety directives aimed at resolving Pratt & Whitney engine problems on specific Boeing 777 jets. Boeing must now outline the measures airlines must take to comply with the FAA's guidelines. Boeing's stock price fell 1.5% in the premarket.

CrowdStrike's premarket trading surged 12.5% after reporting better-than-expected quarterly profit and revenue. The cybersecurity company also issued an upbeat 2022 forecast, stating that it would strongly pursue market share as cybersecurity demand accelerates.

Asana reported a narrower-than-expected loss for its most recent quarter, as well as revenue that exceeded analyst forecasts.

The fintech company, MQ, experienced a 7.4% increase in premarket action following the release of better-than-expected quarterly revenue and a breakeven quarter, despite anticipating a bottom-line loss. Additionally, MQ provided an optimistic outlook for current-quarter revenue.

Despite reporting better-than-expected profit and revenue for its latest quarter, JD's revenue growth slowed down to its lowest rate since early 2020. Its stock price dropped by 6.5% in the premarket.

Wheels Up reported a quarterly loss of 31 cents per share, 6 cents wider than the consensus estimate. However, revenue was well above estimates at $345 million, representing an increase of 64% over a year earlier, while active membership grew by 31%. Despite this, Wheels Up shares gained 4% in the premarket.

According to the Wall Street Journal, ANTM plans to change its name to Elevance Health in order to reflect the diversification of its corporate portfolio. The change will require shareholder approval.

WATERCOOLER

The MLB Players Association stated that the league's decision to cancel additional games was "completely unnecessary."