U.S. stock futures are relatively flat ahead of the Wall Street open after U.S. President Donald Trump announced new duties on 14 countries, and extended the “reciprocal” tariff deadline to Aug. 1. The moves come after stocks fell on Monday as the White House sent letters to multiple countries amid record highs for equities.

The Dollar has firmed up and Yields have risen to two-week highs with the 10-Year at 4.4%. With little economic data due today, investor focus will continue to be on tariff headlines.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 0.2% near $67.80 a barrel after rising almost 2% in the previous session, as investors assessed new developments on U.S. tariffs and a higher-than-expected OPEC+ output hike for August.
• Gold (/GC) – Gold prices are down 0.4% near $3330 after U.S. President Donald Trump unveiled higher tariffs on imports from Japan, South Korea, and other nations, while a firm dollar and higher Treasury yields limited potential gains.
• Bitcoin (/BTC) – The Crypto Future is up 0.8% near 109K in the premarket.
• VIX – The CBOE Volatility Index rose 1.8% on Monday and settled at 17.79 as stocks were lower.
• U.S. Dollar (/DX) – The dollar is flat at 97.1.

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

1. Advanced Micro Devices (AMD): +1.71%
2. Micron (MU): +1.47%
3. Oracle (ORCL): +1.42%

1. Enphase Energy (ENPH): -3.44%
2. AES Corp. (AES): -2.43%
3. NextEra Energy (NEE): -2.34%

Economic Data

• 6:00AM ET: NFIB Small Business Optimism Index
• 1:00PM ET: 3-Year Note Auction
• 3:00PM ET: Consumer Credit

Notable Earnings

• Premarket: None
• Postmarket: None
• Premarket Tomorrow: None
• Postmarket Tomorrow: AZZ

Upgrades/Downgrades

• Deutsche Bank upgrades General Dynamics (GD) to Buy from Hold
• TD Cowen upgrades Capital One (COF) to Buy from Hold
• Wolfe Research upgrades Stanley Black & Decker (SWK) to Peer Perform from Underperform
• HSBC downgrades Bank of America (BAC) to Hold from Buy
• Mizuho downgrades CoreWeave (CRWV) to Neutral from Outperform
• Guggenheim downgrades Datadog (DDOG) to Sell from Neutral

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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.