Stocks on the market
US stock indices rose as the conflict between Russia and Ukraine eased and even as the producer price index, the latest gauge of inflation at the wholesale level, rose by 9.7%, reaching a record high the previous month.
The three benchmark averages rose by around 1% in the pre-market. Russian troops are reported to be retreating from Ukraine, causing oil stocks to rise and oil to fall to $90 a barrel.
Shares on the move include Activision after Warren Buffett's Berkshire Hathaway revealed a new stake of almost 15 million shares acquired before its $69 billion takeover of Microsoft.
It is worth noting that Intel is buying Tower Semiconductor for $5.4 billion.
Virgin Galactic shares rose as the space giant began taking bookings for trips. Starting price: $150,000 to reserve a seat.
Marriott International, auto parts maker BorgWarner and dental supplier Henry Schein start the earnings parade when they report their results from October to December before the opening bell.
Following closed media and entertainment company ViacomCBS, online accommodation marketplace Airbnb and upscale hotel and casino operator Wynn Resorts will also present a picture of their revenues.
In energy trading, US benchmark crude lost 51 cents to $94.95 a barrel in electronic trading on the New York Mercantile Exchange.
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