Markets are slightly lower heading into Tuesday, with the small-cap Russell 2000 as the lone green name among the major equity index futures after the Organization for Economic Cooperation and Development cut its 2025 global growth forecast to 2.9% from 3.1%. The OECD cited President Trump’s tariffs and trade policies as impacting confidence and potentially threatening greater inflationary pressures. 

Some retail stocks are on the move after posting earnings, including DG, OLLI, and SIG. Meanwhile, traders have quarterly results from CRWD and HPE after the close, and more discount retail with DLTR tomorrow morning. Finally, today’s economic data includes Motor Vehicle Sales, Factory Orders, and JOLTS.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are up 0.75% to $63/barrel.
• Gold (/GC) – Gold is down slightly this morning around $3,384.
• Bitcoin (/BTC) – The cryptocurrency is up around 0.8% at $105.8K.
• VIX – The CBOE Volatility Index has settled to 18.5.
• U.S. Dollar (/DX) – The dollar is around 0.5% higher to 99 after a drop yesterday

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

1. Constellation Energy (CEG): +13.01%
2. Dollar General (DG): +10.12%
3. Vistra (VST): +5.33%

1. Enphase Energy (ENPH): -1.50%
2. Newmont (NEM): -1.04%
3. KKR & Co. (KKR): -1.00%

Economic Data

• Motor Vehicle Sales
• 10:00AM ET: Factory Orders, JOLTS
• 11:00AM ET: Treasury Buyback Announcement
• 11:30AM ET: 6-Week Bill Auction
• 12:45PM ET: Fed’s Goolsbee Speaks
• 1:00PM ET: Fed’s Cook Speaks
• 2:00PM ET: Treasury Buyback Results
• 3:30PM ET: Fed’s Logan Speaks

Notable Earnings

• Premarket: DG, NIO, OLLI, SIG
• Postmarket: CRWD, HPE, GWRE, HQY, ASAN, BASE, YEXT
• Premarket Tomorrow: DLTR, THO, CXM
• Postmarket Tomorrow: MDB, FIVE, PVH, CHPT

Upgrades/Downgrades

• Redburn Atlantic upgrades Advance Auto Parts (AAP) to Neutral from Sell
• Wells Fargo upgrades Cardinal Health (CAH) to Overweight from Equal Weight
• JPMorgan upgrades Pinterest (PINS) to Overweight from Neutral
• Barclays downgrades ASML (ASML) to Equal Weight from Overweight
• JPMorgan downgrades Bumble (BMBL) to Underweight from Neutral
• Stephens downgrades Blueprint Medicines (BPMC) to Equal Weight from Overweight

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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.