U.S. stock futures are slightly lower in premarket trading as the looming Government shutdown has traders nervous. Shutdowns aren’t historically market-moving events but with stocks at all-time highs and worries about inflation and weak jobs data, investors are showing concerns.

Investor focus will be on data today with Home prices, Job Openings and Consumer Confidence numbers due.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 1.8% near $62 a barrel as another anticipated production increase by OPEC+ and the resumption of oil exports from Iraq’s Kurdistan region via Turkey reinforced the outlook for a looming supply surplus.
• Gold (/GC) – Gold prices are down 0.3% near $3843 after hitting a fresh record high overnight and are poised for their best month in 14 years, as fears of a potential U.S. government shutdown and growing expectations of further U.S. interest rate cuts boosted demand for the safe-haven metal.
• Bitcoin (/BTC) – The Crypto Future is down over 1.2% near 113,900 in premarket trading.
• VIX – The CBOE Volatility Index was up 5.5% on Monday and settled at 16.12 as stocks were modestly higher. Volatility is rising despite the equity market near all-time highs as the potential for a government shutdown looms.
• U.S. Dollar (/DX) – The dollar is down 0.1% to 97.5.

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

1. Freeport-McMoRan (FCX): +1.97%
2. Fidelity (FIS): +1.28%
3. The Trade Desk (TTD): +0.58%

1. Cooper Companies (COO): -2.17%
2. Intel (INTC): -1.62%
3. Coinbase (COIN): -1.36%

Economic Data

• 6:00AM ET: Fed’s Jefferson Speaks
• 9:00AM ET: Case-Shiller Home Price Index, FHFA House Price Index, Fed’s Collins Speaks
• 9:45AM ET: Chicago PMI
• 10:00AM ET: JOLTS, Consumer Confidence
• 1:30PM ET: Fed’s Goolsbee Speaks

Notable Earnings

• Premarket: LW, PAYX, UNFI
• Postmarket: NKE
• Premarket Tomorrow: AYI, CAG
• Postmarket Tomorrow: None

Upgrades/Downgrades

• Morgan Stanley upgrades Celsius (CELH) to Overweight from Equal Weight
• BofA upgrades Freeport-McMoRan (FCX) to Buy from Neutral
• UBS upgrades Fidelity (FIS) to Buy from Neutral
• Goldman Sachs downgrades Spotify (SPOT) to Neutral from Buy
• BTIG downgrades Instacart (CART) to Neutral from Buy
• BofA downgrades Oklo (OKLO) to Neutral from Buy

Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.

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.