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 took 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. Earnings news lifted shares of Cisco Systems Inc., but Tesla Motors Inc. slid, after each company reported results Wednesday evening.

Futures for the Dow Jones Industrial Average (DJH5) jumped 84 points, or 0.5%, to 17,916, while those for the S&P 500 index (SPH5) rose 10.3 points, or 0.5%, to 2,076.

After overnight talks in Minsk, Ukraine and Russia 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 negotiation 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 for the week, which is nearly at an end.

Data has the potential to move markets on 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.

"....some expect strong numbers on the energy windfall whereas others think the windfall will be saved. If the latter is true that would be a huge disappointment to markets," said Sturkenboom.

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 more than 7% in premarket trading after the electric-car maker stunned Wall Street by reporting a fourth-quarter adjusted loss of 13 cents a share. Chief Executive Officer Elon Musk said Tesla's market cap may rocket to Apple's (AAPL) level in 10 years.

See: Four takeaways from Tesla earnings

Shares of Cisco(CSCO) jumped nearly 9% in premarket after the networking-technology 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. Carl Icahn said Thursday that he believes the iPhone maker is actually worth $216 a share, valuing the company at $1.3 trillion.

Whole Foods Markets Inc.(WFM) rose 2% in premarket after the upscale grocer beat analysts' earnings forecasts.

Baidu Inc.(BIDU) sank 8% in premarket after the Chinese search engine's outlook missed estimates.

Shares of Zulily Inc.(ZU) tanked 23% after an earnings and outlook miss.

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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