(Editor’s note: The future prices of benchmark tracking ETFs, the lede, the economic data and the headline were updated in the story.) U.S. stocks fell on Thursday, following Wednesday’s sharp rebound.

As you can see below, the market is firmly in backwardation, reflecting the absence of crude oil flowing through the Strait of Hormuz. That shouldn't come as a surprise to many investors; after all, almost 34% of the global crude oil trade flows through the strait, according to the International Energy Agency.

Stock futures are falling on Sunday evening following the U.S.-led attacks on Iran. Futures tied to the Dow industrials, S&P 500 and Nasdaq 100 are all down around 1%. Changes in futures don’t always reflect market moves after the opening bell.

Why are US stock market futures up now, and will Dow Jones, S&P 500 and Nasdaq stay in green or turn red again? US futures moved slightly higher as investors tracked tensions between Donald Trump and Iran,

Stock futures were little changed ahead of an important inflation reading Friday, while oil prices advanced modestly as investors closely monitor Middle East developments.

Stock index futures were slightly higher on Friday as the core retail inflation figures for March came in slightly cooler than expected.

S&P 500 futures rose slightly on Friday, with the index on pace to post a solid weekly gain, as traders kept an eye on the fragile two-week ceasefire between the U.S. and Iran. Futures linked to the broad market index traded up 0.