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Some earnings-related declines also weighed, with chipmaker
Nvidia sliding 3.4% in premarket trading as flat gross margins
and concern about its exposure to the crypto market overshadowed
upbeat current-quarter revenue forecast.
TripAdvisor Inc tumbled 7.7% after the hotel search website
operator posted a surprise fourth-quarter loss.
Russia-backed rebels and Ukrainian forces traded accusations of
firing shells across the ceasefire line in eastern Ukraine, and
Kyiv said the incidents looked like a "provocation" at a time
when Russia has troops massed on the frontier.
The news sent the CBOE volatility index, also known as Wall
Street's fear gauge, higher after two days of declines.
"Markets will remain hostage to incoming headlines until there
is some clarity on the situation. Tensions are clearly at a
boiling point and anything can happen," said Marios
Hadjikyriacos, senior investment analyst at online broker XM.
Shares of big banks edged lower, while major growth names such
as Apple Inc, Google-owner Alphabet Inc, Amazon.com Inc,
Microsoft Corp and Meta Platforms Inc fell between 0.1% and
0.8%.
At 07:04 a.m. ET, Dow e-minis were down 110 points, or 0.32%,
S&P 500 e-minis were down 17 points, or 0.38%, and Nasdaq 100
e-minis were down 73.25 points, or 0.5%.
Markets have gyrated this week as geopolitical tensions added to
worries about the Federal Reserve's tightening plans this year.
Minutes from the Fed's January meeting revealed policymakers'
intend to begin raising interest rates to combat inflation, and
its decisions would be made on a meeting-by-meeting basis.
At 08:30 a.m. ET, weekly jobless claims data is expected to show
a slight decline to 219,000 versus the previous week. Housing
starts data for January is also due.
In other earnings-related moves, Albemarle Corp dropped 7.9%
after the lithium producer forecast downbeat annual earnings
despite higher lithium prices.
Cisco Systems Inc gained 3.3% after the networking firm raised
its full-year earnings forecast and announced $15 billion in
share buybacks.
DoorDash Inc surged 24.9% after it reported upbeat quarterly
revenue as food delivery demand showed no sign of slowing,
indicating ordering habits have changed permanently.
Hasbro Inc rose 4.0% after activist investor Alta Fox Capital
Management nominated five directors to the toymaker's board and
urged changes including a spinoff of its unit housing games such
as "Dungeons & Dragons".
(Reporting by Susan Mathew and Devik Jain in Bengaluru; Editing
by Maju Samuel)
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