Stock market today: Energy stocks gain as oil rallies, Tesla declines

• S&P 500 futures were little changed in early trades as investors looked to a new earnings season.
• Oil prices jumped on concern about fresh disruptions after the US and UK struck Houthi rebel targets.
• Energy stocks led gains in premarket trading, while Tesla was the biggest fal ler. 

US stock futures were little changed in early trading as investors looked forward to the earnings season that starts on Friday, with banks such as JPMorgan Chase, Bank of America, and Citigroup due to report their financial results for the fourth quarter.

European equities advanced after the UK reported better than expected economic growth, while Asian markets saw mixed trends. Chinese stocks traded on the back foot after data showed a continuing deflationary trend in the nation's consumer prices, while the Japanese market extended a sizzling rally.

Oil prices jumped on fears of supply disruptions after the US and UK launched air strikes against Houthi rebel bases in Yemen, while the dollar and 10-year Treasury bond yields were little changed.

Bitcoin slipped for a second day amid a bout of profit-taking after the much-anticipated ETF approvals were announced this week by the Securities and Exchange Commission.

Energy stocks led Thursday's premarket gainers following the rise in oil, with Diamondback Energy, Xcel Energy, WEC Energy, and Marathon Petroleum dominating the chart. Real-estate analytics firm CoStar rose the most among S&P 500 shares. Tesla, Veralto, and Juniper Networks led declines.

Markets overview

• Futures on the S&P 500 were little changed at 4,813.50 as of 5:20 a.m. ET, while similar contracts on the Nasdaq 100 slipped 0.2% to 16,932.25.
• In Europe, the Euro Stoxx 50 climbed 0.8%. Germany's DAX 40 and France's CAC 40 rose 0.9% and 1.1%, respectively.
• In Asia, Japan's Nikkei 225 powered to a new intraday high of more than 35,800 before closing at 35,577.04. Hong Kong's Hang Seng index dropped 0.35% while the Shanghai Composite was 0.2% lower. India's Nifty 50 moved 1.1% higher.
• Brent crude prices rallied more than 2% to $79.90 a barrel, adding to a similar gain on Thursday.
• Bitcoin declined 0.9% to $45,927, adding to Thursday's 0.7% dip.
• Ten-year Treasury yields were flat at 3.98%, and the Dollar Index was little changed.

Top movers

Here are some of the top premarket movers among S&P 500 stocks.

• Commercial real-estate analytics firm CoStar led gains, advancing 3.6% to $85.05.
• Energy stocks were in the green: WEC Energy rose 2,3% to $83.98. Halliburton was up 2.1% and Occidental Petroleum advanced 2%.
• Tesla led the fallers, down 3.2% to $220.
• Veralto dropped 2% to $74.51, while Fortinet lost 1.9%.