U.S. stock futures are relatively flat ahead of the Wall Street open after the S&P 500 posted its fifth straight session of gains. Monday’s choppy session saw the S&P 500 swing to a slight gain and off of nearly 1% losses earlier in the day. The Benchmark Index is now down only 1.5% in April as it has rebounded 14% from the April 7th lows. Earnings are in focus today along with economic data including Consumer Confidence and Job Opening numbers.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Crude oil prices are down over 1.5% near $61 a barrel as investors lowered their demand growth expectations due to the ongoing trade war between the United States and China, the world’s two biggest economies.
• Gold (/GC) – Gold prices are down 0.7% near $3320 as softening trade tensions between the U.S. and its trading partners dulled the metal’s safe-haven appeal, while investors awaited U.S. economic data to assess the Federal Reserve’s policy path.
• Bitcoin (/BTC) – The crypto future is up around 0.5% to just below $96K.
• VIX – The CBOE Volatility Index was up over 1% on Monday and settled at 25.15 as stocks rallied off of session lows to finish mostly positive. It is flat in the premarket.
• U.S. Dollar (/DX) – The dollar is slightly positive around 99.1.

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

1. Zebra Technologies (ZBRA): +8.01%
2. Royal Caribbean (RCL): +4.16%
3. Honeywell (HON): +3.93%

1. NXP Semiconductor (NXPI): -7.72%
2. Regeneron (REGN): -7.34%
3. PayPal (PYPL): -3.91%

Economic Data

• 8:30AM ET: Intl. Trade in Goods, Retail Inventories, Wholesale Inventories
• 9:00AM ET: Case-Shiller Home Prices, FHFA House Price Index
• 10:00AM ET: Consumer Confidence, JOLTS

Notable Earnings

• Premarket: AOS, MO, AMT, AZN, BP, EAT, KO, GLW, ECL, GM, HLT, HON, INCY, JBLU, JKS, KHC, PCAR, PYPL, PFE, PII, REGN, RCL, SPGI, SHW, FOUR, SOFI, SPOT, SYY, THC, UPS, ZBRA
• Postmarket: EQH, BKNG, BXP, CZR, CWH, EXE, EQR, FSLR, FLS, GIL, HI, LC, LOGI, MDLZ, NBR, NOG, OI, OKE, PPG, QRVO, STX, SNAP, SON, SBUX, UNM, V, WERN
• Premarket Tomorrow: AER, ADP, BLCO, CAT, DAN, ETSY, GRMN, GEHC, GNRC, HES, HUM, MLM, NCLH, OSK, PPL, SMG, SWK, TW, VMC, WDC, WING, XPO, YUM
• Postmarket Tomorrow: AFL, ALB, ALGN, ALL, BHC, CHRW, CP, CAKE, CTSH, EBAY, KLAC, META, MET, MSFT, PRU, PSA, QCOM, HOOD, TDOC, WEX

Upgrades/Downgrades

• Rosenblatt upgrades Arista Networks (ANET) to Neutral from Sell
• UBS upgrades Crane (CR) to Buy from Neutral
• BofA upgrades Upstart (UPST) to Neutral from Underperform
• TD Cowen downgrades Hims & Hers (HIMS) to Hold from Buy
• BofA downgrades ConocoPhillips (COP) to Neutral from Buy
• Stifel downgrades Builders FirstSource (BLDR) to Hold from Buy

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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.