U.S. stock futures are higher in the premarket as investors sought to capitalize on lower prices, adopting a wait-and-see approach regarding President Donald Trump’s forthcoming trade policies. U.S. equity-index futures signaled an upward trend for Wall Street, recovering from Monday’s volatile action, while European shares bounced back from their most significant three-day decline since the pandemic. Treasuries stabilized after a steep selloff on Monday, and the dollar weakened against major currencies.

Although market volatility is easing, the CBOE Volatility Index remains high, hovering above 40. Investor focus remains on tariff headlines along with a multitude of upgrades and downgrades as markets attempt to stabilize. 

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are slightly higher, near $61 a barrel.
• Gold (/GC) – Gold is up almost 2% and above the $3,000 level.
• Bitcoin (/BTC) – The crypto future is up 2% and nearing $80K.
• VIX – The CBOE Volatility Index has fallen to just below 41.
• U.S. Dollar (/DX) – The dollar is flat around 103.

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

1. Humana (HUM): +14.51%
2. CVS Health (CVS): +8.87%
3. UnitedHealth (UNH): +7.01%

1. AutoZone (AZO): -8.75%
2. Erie Industry (ERIE): -3.14%
3. Essex Property (ESS): -0.56%

Economic Data

• 6:00AM ET: NFIB Small Business Optimism Index
• 1:00PM ET: 3-Year Note Auction
• 2:00PM ET: Fed’s Daly Speaks

Notable Earnings

Premarket: RPM, TLRY, WBA, WDFC

Postmarket: CALM

Premarket Tomorrow: DAL, SMPL

Postmarket Tomorrow: STZ, PSMT

Upgrades/Downgrades

• Piper Sandler upgrades Wells Fargo (WFC) to Overweight from Neutral
• Goldman Sachs upgrades Eli Lilly (LLY) to Buy from Neutral
• Citizens JMP upgrades Blackstone (BX) to Outperform from Market Perform
• Keybanc downgrades AMD (AMD) to Sector Weight from Overweight
• Goldman Sachs downgrades American Airlines (AAL) to Sell from Neutral
• Morgan Stanley downgrades HP Enterprise (HPE) 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.