US stock futures are falling as oil prices climb to their highest levels since 2024, stoking inflation fears amid Middle East tensions. S&P 500 futures dropped 0.6% by 7:45 a.m. in New York, while Nasdaq 100 futures fell 0.8% as traders await Friday's crucial jobs report.

Gap Inc. shares plunged 8% after the retailer reported fourth-quarter sales and profit slightly below expectations, with both Old Navy and Athleta missing comparable sales estimates. Meanwhile, Marvell Technology rallied 11% after projecting accelerating revenue growth throughout fiscal 2027, driven by surging data center demand.

Nutex Health tumbled 28% following fourth-quarter revenue that missed analyst estimates, while Samsara climbed 11% after beating adjusted earnings expectations. Trade Desk shares slipped 1% after Wedbush downgraded the advertising technology company to underperform, citing overestimated impact from an OpenAI partnership.