* Futures down: Dow 0.47%, S&P 500 0.41%, Nasdaq 0.37%
* Fresh Israeli strikes on Lebanon jeopardize peace deal
* Applied Digital ( APLD ) falls after quarterly loss
* Coreweave ( CRWV ) jumps on deal with Meta
(Updates prices)
By Purvi Agarwal and Avinash P
April 9 (Reuters) - U.S. stock futures fell on Thursday
after the indexes rallied in the previous session, as cracks
emerged in the fragile Middle East ceasefire, while investors
awaited a key domestic inflation reading later in the day.
President Donald Trump vowed to retain military assets in
the Middle East until a peace deal was reached with Iran and
warned of a major escalation if it failed to comply, a day after
fighting in the region continued despite Tuesday's ceasefire.
Tehran warned that there would be no deal unless Israel
ceases bombing Lebanon.
Few signs of traffic moving through the Strait of Hormuz
heightened uncertainty around energy shipments, leading to a
rebound in oil prices, though they remained below $100 a barrel.
U.S. energy stocks inched slightly higher in premarket trading.
The S&P 500 and the Nasdaq posted their biggest one-day
jumps in over a week on Wednesday, as global markets cheered the
two-week ceasefire, while the Dow marked its steepest rise in a
year.
"While the crisis' peak is likely behind us, and markets
appear to think that is the case, it may still be too early to
aggressively extend risk," said analysts at BCA Research.
"With volatile headlines and rhetoric shifting... Hormuz
flows will determine whether any truce is truly working. Risk
assets could still rally even if kinetic attacks continue,
provided Hormuz shows credible signs of reopening."
At 07:10 a.m. ET, Dow E-minis were down 226 points,
or 0.47%, S&P 500 E-minis were down 28 points, or 0.41%,
and Nasdaq 100 E-minis were down 88 points, or 0.35%.
On Thursday, investors will parse the personal consumption
expenditure figures for February - the Federal Reserve's
preferred inflation gauge - with economists polled by Reuters
expecting the PCE index to hold steady at 2.8%, unchanged from
January.
A final reading of economic growth in the fourth quarter
will also be watched.
Friday's consumer prices index number for March will grab
the spotlight as investors wait to see the economic impact of
elevated oil prices stemming from the conflict.
Money market participants are expecting only about 30%
chances of a 25 basis-point interest rate cut by end-2026,
compared with a 56% chance a day ago, per LSEG-compiled data.
They expected two cuts this year before the war broke out,
while bets for a rate hike in December had also risen during the
conflict.
Minutes from the central bank's March meeting showed on
Wednesday a growing group of policymakers felt last month that
rate hikes might be needed to counter inflation that continued
to exceed the central bank's 2% target, especially as the war
drove up prices.
Among premarket movers, Applied Digital ( APLD ) shares
dropped 3.8% after the data center operator's third-quarter net
loss widened from a year earlier.
Coreweave ( CRWV ) jumped 7% after the cloud infrastructure
firm announced an expanded $21 billion cloud deal with Meta
Platforms ( META ).