U.S. stock futures are slightly higher in premarket trading and are extending yesterday’s snap-back rally. The moves come after a winning day on Wall Street that allowed stocks to recover losses from Friday’s session.

The market dumped on Friday as the latest policy rollout on tariffs and a weak jobs report left investors taking profits. Falling interest rates, a weaker dollar and weaker oil prices supported the equity rally.

Investor focus will continue to be on Tariff news along with upcoming earnings from AMD (AMD), McDonald’s (MCD), Uber (UBER) and Disney (DIS).

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 1% near $65.50 a barrel as traders assessed rising OPEC+ supply and worries of weaker global demand, against U.S. President Donald Trump’s threats to India over its Russian oil purchases. OPEC+ members agreed on Sunday to increase oil production by 547K barrels per day in September. The eight OPEC+ member states continue to scale back the 2.2 million barrels a day output cut they agreed to in 2023.
• Gold (/GC) – Gold Futures are down 0.5% near $3,410 as the dollar has firmed, though prices remained near a two-week high on growing expectations of a U.S. rate cut in September.
• Bitcoin (/BTC) – The Crypto Future is up slightly near $115,000 in the premarket.
• VIX – The CBOE Volatility Index fell 14% on Monday and settled at 17.52 as stocks rallied.
• U.S. Dollar (/DX) – The dollar is up over 0.2% to 98.8.

Biggest Premarket Movers (Mark % Change as of 7 AM ET)

1. Axon Enterprise (AXON): +7.94%
2. Zebra Technologies (ZBRA): +6.93%
3. Zoetis (ZTS): +6.55%

1. Vertex Pharma (VRTX): -13.82%
2. Gartner (IT): -11.29%
3. Transdigm (TDG): -6.77%

Economic Data

• 8:30AM ET: Intl. Trade in Goods/Services
• 9:45AM ET: PMI Composite
• 10:00AM ET: ISM Services Index
• 1:00PM ET: 3-Year Note Auction

Notable Earnings

• Premarket: APO, ARMK, ADM, BALL, BLDE, BP, CAT, CCO, CMI, DAN, DOCN, DUK, DD, ETN, ERJ, EVGO, EXPD, FIS, FOXA, ULCC, GFS, HSIC, J, LDOS, MPC, MAR, TAP, PFE, PTLO, SBH, FOUR, TDG, EVTL, SEAT, WLK, KLG, WW, YUM, ZBRA, ZTS
• Postmarket: AMD, AFL, AMGN, ANET, CHGG, CC, CRUS, CLOV, DVA, DVN, FLYW, GO, GXO, IFF, LCID, MASI, MTCH, MOS, NWS, OPEN, PCTY, RVLV, RNG, RIVN, SWKS, SNAP, SU, SMCI, TDC, TOST, UPST, VSAT, ZETA
• Premarket Tomorrow: ADNT, ACB, BLMN, CPRI, CG, CDW, DK, DIN, EMR, GPN, HMC, IRM, JLL, MCD, NYT, NVAX, NVO, DNOW, OC, PSN, PLNT, ROK, SHOP, SUN, TBLA, UBER, U, DIS, WIX WWW
• Postmarket Tomorrow: ABNB, DOX, AIG, APA, APP, BMBL, CF, CTVA, DASH, DKNG, BROS, ELF, EXAS, FTNT, GDRX, HUBS, JACK, JOBY, LYFT, MCK, MET, OXY, PAYC, SDRL, SONO, SRPT, RUN, TKO, UPWK, SPCE, ZG

Upgrades/Downgrades

• Deutsche Bank upgrades Palantir (PLTR) to Hold from Sell
• Arete upgrades Electronic Arts (EA) to Buy from Neutral
• Rothschild upgrades Dow (DOW) to Buy from Neutral
• BofA downgrades On Semi (ON) to Neutral from Buy
• Morgan Stanley downgrades Block (XYZ) to Equal Weight from Overweight
• Morgan Stanley downgrades Akamai (AKAM) to Underweight from Equal Weight

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Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.