5 things to know before the market opens on Thursday

Happy Thursday. If you’re attending CNBC Pro Live tonight on the Nasdaq Marketsite, look for me during cocktail hour.

Stock futures are falling this morning after all three major stock averages rose yesterday.

Here are five important things investors need to know to start their trading day.

Oil prices are rising this morning after Iran announced it had targeted a US air base following a new US attack on Tehran. Prices soared after oil prices fell by more than 5% yesterday.

Here’s the latest information:

Secretary of State Marco Rubio said Wednesday that the United States wants to give diplomacy “every chance of success,” but warned that the White House has other options if peace talks fail. According to Reuters, Iranian state media reported earlier in the day that Tehran aims to return commercial traffic in the Strait of Hormuz to pre-war levels within a month of the deal. However, the White House denounced the report as a “complete fabrication.” Yesterday’s drop in oil prices helped boost traffic through the strait. Dow Jones Industrial Average The April Personal Consumption Expenditure Index, released this morning, provides the latest insight into how the war is affecting inflation. Follow us here for live market updates.

snowflake reported better-than-expected first-quarter results on Wednesday, and Amazon web service. The company’s stock price soared more than 37% in extended trading, putting the stock on track for its best day ever.

As CNBC’s Jordan Noveto and Katie Tarasoff report, the deal includes Amazon’s purchase of custom silicon and chips for artificial intelligence. Snowflake also announced that it will acquire AI startup Natoma.

Elsewhere in technology: sales force Both areas beat Wall Street’s first-quarter expectations, but the software company’s full-year outlook was significantly lower than expected.

JP Morgan Chase We may be in M&A mode. CEO Jamie Dimon told a news conference in New York yesterday that the bank could spend up to $20 billion on acquisitions over the next few years, saying the bank was “eyeballing” opportunities.

As CNBC’s Hugh Song points out, a deal of this size would be the largest in Mr. Dimon’s 20 years at the helm of JPMorgan.

But Dimon also characterized the acquisition as a last resort rather than a growth strategy. He said that for bankers to focus too much on closing deals can be a way to mask lackluster organic expansion.

Your wallet and investment portfolio will soon be managed by AI. Robinhood yesterday announced a tool that allows AI agents to trade and buy stocks.

Users will be able to instruct their agents to rebalance portfolios, monitor investment themes, and execute trading strategies. You can also let your agents explore deals and make purchases using virtual credit cards.

As CNBC’s Yun Lee reports, Robinhood’s new product is one of the first attempts to put AI financial tools into the hands of retail investors rather than institutions.

As Ferrari faces backlash for its new all-electric car, Lamborghini CEO Stephan Winkelmann feels vindicated.

Winkelmann told CNBC’s Michael Weiland yesterday that the company’s decision to discontinue all-electric vehicles to focus on hybrids is “the right path to take.” Ferrari’s stock price fell earlier this week after it unveiled its first-ever fully electric model.

He said every brand “has to make its own decisions” and “everyone has their own strategy”. But Winkelmann said Lamborghini’s customer base is not seeing increased acceptance of EVs.

boeing Chief Executive Officer Kelly Ortberg said at a news conference yesterday that the company is meeting Federal Aviation Administration requirements to increase monthly production of 737 Max aircraft. Here are the numbers you need to know:

Current monthly jets: 42 Approval rate: 47 Target rate: 63

—CNBC’s Li Ying Xiang, Lim Hui Jie, Spencer Kimball, Lisa Han, Sean Conlon, Davis Giangiulio, Gabriel Fonrouge, Jordan Nove, Katie Tarasoff, Hew Song, Yun Li, Michael Weiland and Raya Neelakandan contributed to this report.

CNBC’s Josephine Rosell edited this version.