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

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%.

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).

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

Trump’s tariff threats and Boeing crash drag Dow, while mixed inflation and jobs data raise questions about the Fed’s next move. US stock market reacts sharply.

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.

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.