U.S. stock futures are rebounding from yesterday’s slide with the S&P 500 (SPX) falling nearly 2.4% on Monday. On Monday, stocks took a beating as investor confidence waned amid escalating tensions between President Donald Trump and Federal Reserve Chair Jerome Powell, coupled with intensifying global trade war concerns. The U.S. dollar tumbled to a three-year low, Treasury yields climbed, and the CBOE Volatility Index (VIX) surged 14%, reflecting heightened market unease. Focus today turns to earnings along with the continued tariff headlines.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are up over 1.5% near $63.30 a barrel and are rebounding from yesterday’s pull back amid trade talk hopes. Markets are also weighing tensions between the U.S. and Iran.
• Gold (/GC) – Gold prices are up 1% near $3460 and continued their record rally to a new all-time high above $3500 overnight. The moves are driven by concerns over U.S. President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell, which dampened risk sentiment and drove investors towards the safe-haven bullion.
• Bitcoin (/BTC) – The crypto future is up over 1% near $88.7K.
• VIX – The CBOE Volatility Index was up 14% on Monday but has settled near 32.
• U.S. Dollar (/DX) – The dollar is flat around 98.

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

1. First Solar (FSLR): +7.15%
2. Equifax (EFX): +6.37%
3. Pentair (PNR): +4.48%

1. Northrop Grumman (NOC): -8.72%
2. Verizon (VZ): -4.52%
3. Kimberly Clark (KMB): -4.28%

Economic Data

• 9:00AM ET: Fed’s Jefferson Speaks
• 9:30AM ET: Fed’s Harker Speaks
• 10:00AM ET: Richmond Fed Mfg. Index
• 1:00PM ET: 2-Year Note Auction
• 1:40PM ET: Fed’s Kashkari Speaks
• 2:30PM ET: Fed’s Barkin Speaks

Notable Earnings

• Premarket: MMM, DHR, ELV, EFX, GE, GPC, HAL, HRI, KMB, LMT, MCO, NOC, PNR, PHM, DGX, RTX, SYF, VMI, VZ
• Postmarket: BKR, COF, CB, ENPH, EQT, ISRG, PKG, PEGA, RRC, SAP, STLD, TSLA
• Premarket Tomorrow: T, AVY, BA, BSX, CHKP, CME, GEV, GD, LII, LAD, MAS, NEE, NSC, OTIS, PM, RCI, R, TMHC, TMO, TDY, VRT, VIRT, WAB, WSO
• Postmarket Tomorrow: ALK, CMG, CHDN, DFS, EW, IBM, KNX, LRCX, LVS, MTH, MOH, NEM, ORLY, RMD, ROL, NOW, TXN, URI, WU, WHR

Upgrades/Downgrades

• BofA upgrades Public Storage (PSA) to Buy from Neutral
• Cantor Fitzgerald upgrades Gilead (GILD) & Regeneron (REGN) to Overweight from Neutral
• Barclays downgrades Texas Instruments (TXN) to Underweight from Equal Weight
• Wells Fargo downgrades UPS (UPS) to Equal Weight from Overweight
• Bernstein downgrades eBay (EBAY) to Market Perform from Outperform

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.