By Barbara Kollmeyer, MarketWatch

Tesla, Baidu drop in premarket, while Cisco climbs

MADRID (MarketWatch) -- U.S. stock futures jumped Thursday, as oil prices rose and markets used news of a cease-fire deal between Russia and Ukraine as an excuse to push riskier assets higher.

But there was no real conclusion to the Greece debt deadlock after talks, and market gains could hinge on retail sales data coming later. Cisco Systems Inc. shares were popping higher in premarket, but Tesla Motors Inc. was down, after each company reported results Wednesday evening.

As the Ukraine news pushed out, futures for the Dow Jones Industrial Average (DJH5) jumped 71 points, or 0.4%, to 17,902, while those for the S&P 500 index (SPH5) rose 6.5 points, or 0.3%, to 2,072.20.

Russian President Vladimir Putin said Ukraine has agreed to a cease-fire starting Sunday, news that gave the ruble a pop and pushed stocks in Russia about 5% higher. European stocks also rose, even as the situation over Greece's bid to negotiate new financing remains unresolved. After six hours of talks in Brussels, eurozone finance ministers kicked the can down the road, saying they'd keep talking in coming days to try to come up with a plan.

Headlines and data: Markets have largely been ignoring Ukraine thus far, noted Wouter Sturkenboom, senior investment strategist at Russell Investments in London, in emailed comments. "And for the U.S., it does not register really. I know the strong Cisco earnings were well received, but that's it on the news front, really..."

But geopolitical headlines have been keeping stock markets pinned down in recent sessions. On Wednesday, the S&P 500 (SPX) closed flat at 2,068.53 in a choppy session. The index has registered just a 0.6% gain, with the week nearly at an end.

Data has the potential to move markets for Thursday. Weekly jobless claims will be released at 8:30 a.m. Eastern Time. January retail sales is coming at the same time, with December business inventories at 10 a.m. Eastern. Investors want to know if consumers are spending the money they're saving on lower gas prices, could get an answer in the data.

"We think that today's retail number could once again print another negative reading today, given that consumer spending is still suppressed," said Naeem Aslam, chief market analyst at AvaTrade.

Also read: What Wal-Mart got right in Canada and what Target botched

Stocks to watch: Tesla(TSLA) was shaping up for a wild ride. Shares fell over 5% in thin premarket trading after the electric-car maker stunned Wall Street by reporting a fourth-quarter adjusted loss of 13 cents a share.

See: Four takeaways from Tesla earnings

Shares of Cisco(CSCO) jumped 7% in premarket after the company said fourth-quarter earnings nearly doubled to $2.4 billion, or 46 cents a share.

Shares of Apple Inc.(AAPL) rose 1% in premarket trade

Whole Foods Markets Inc.(WFM) rose nearly 3% in premarket after the upscale grocer beat analysts earnings forecasts.

Baidu Inc.(BIDU) sank 9% in premarket after the Chinese search engine's outlook missed estimates.

More companies report Thursday, including Kellogg Co.(K)(K) and Pilgrim's Pride Corp.(PPC) ahead of the bell. After the close, Groupon Inc.(GRPN) , Kraft Food Groups Inc.(KRFT) and American International Group Inc. (AIG) will report.

Other markets: Oil prices (CLH5) shot up 3% to $50.39, and gold (GCH5) also got a small pop. In Asia, the Nikkei 225 index rallied to a seven-year high as a weaker yen supported exporters.

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