What to watch today: Oil rebounds as Russia-Ukraine talks fail, taking stock futures down

What to watch today: Oil rebounds as Russia-Ukraine talks fail, taking stock futures down

BY THE NUMBERS Thursday. rebounded 4% in morning trading as the latest round of Russia-Ukraine talks failed with no progress on a cease-fire and no progress on safe passages for evacuating civilians. With oil and in turn gasoline prices higher, investors are digesting another hot inflation report. (CNBC) Wall Street, set to open lower Thursday, broke a four-session losing streak Wednesday, with the jumping 2.5% for its but it remained in a correction. The surged nearly 3.6%, and the popped 2%. (CNBC) Those gains pulled the Dow out of a correction and the Nasdaq out of a bear market. Oil prices took a , giving stocks an extra boost. West Texas Intermediate crude, the American benchmark, tumbled more than 12%. (CNBC) The on Thursday to around 1.98% after February's rose 7.9% over the past 12 months, a fresh 40-year high and slightly higher than estimates. Excluding food and energy, both of which moved sharply higher during the month, core inflation still rose 6.4%, in line with expectations but the highest since August 1982. (CNBC) * (CNBC) The latest reads on wholesale inflation and retail sales are out Tuesday and Wednesday — the two days when the Federal Reserve holds its