US stock futures were struggling for direction Wednesday as the war in the Middle East raged on and Wall Street awaited a U.S. consumer inflation report.

These stocks were making moves in premarket trading:

Oracle was the S&P 500's best performer ahead of the opening bell, jumping 10% after the software company's third-quarter earnings and revenue topped analysts' expectations. Oracle's guidance for the current quarter was in line with expectations.

Diamondback Energy dropped 2.7%, making it the S&P 500's worst performer. The oil-and-gas company announced an offering of 11 million shares by a selling stockholder, a position valued at about $1.96 billion as of Tuesday's close of trading.

Nike climbed 1.8% to $57.07. Barclays upgraded the sportswear retailer to Overweight from Equal weight and raised its price target to $73 from $64, according to multiple reports.

Ares Management fell 1% and Blue Owl Capital slid 0.6% after reports said that JPMorgan Chase would restrict some lending to private credit funds, the latest worry for the struggling industry. JPMorgan didn't immediately respond to a request for comment from Barron's.

AeroVironment tumbled 9.6% after the drone maker missed analysts' adjusted earnings target for the fiscal third quarter and cut its full-year guidance.

Kosmos Energy plunged 15% to $2.04 after the oil company priced a sale of 97.5 million shares at $1.90 a share. Kosmos intends to use the proceeds from the sale to repay debt.

Campbell's, Serve Robotics, Sprinklr, and UiPath are scheduled to report earnings on Wednesday.