Wall Street stock-index futures moved modestly higher early on Aug. 13 as falling oil prices and fresh inflation data kept investors focused on the Federal Reserve's next interest-rate decision. Brent crude dropped 1.9% after six straight sessions of gains, with markets weighing weaker global demand prospects, higher U.S. crude stocks, and continued disruption through the Strait of Hormuz (a key global oil shipping route) amid disagreement between Iran and the United States over a permanent end to the war in the Middle East. Investors were waiting for July producer price data due at 8:30 a.m. ET after softer consumer inflation figures strengthened expectations that the Fed would leave rates unchanged at its next meeting. CME FedWatch showed money markets pricing a 66% chance of a pause, up from roughly even odds between a hike and a hold a day earlier. In premarket trading, Dell Technologies and HP rose after Lenovo reported stronger-than-expected earnings, while Cisco Systems fell despite forecasting fiscal 2027 revenue above Wall Street expectations and Cerebras Systems dropped more than 18% after missing quarterly revenue estimates. Strong corporate earnings have helped steady U.S. equities after a volatile start to the second half of 2026, leaving the Dow and S&P 500 near record highs and the Nasdaq about 2% below its all-time high.