U.S. stock futures are relatively flat in premarket trading after a record-setting session for the Dow Index ($DJI) powered by strong corporate earnings.

Strong quarterly results given earlier from companies such as Coca-Cola (KO) and 3M (MMM) had powered the Dow Jones Industrial Average to a fresh record high close on Tuesday.

Positive earnings sentiment may take a hit today with Netflix (NFLX) and Texas Instruments (TXN) both down over 6% after posting earnings that disappointed investors.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are up 2% near $58.30 a barrel and bouncing off of 5-month lows earlier this week buoyed by hopes of progress of a U.S. trade deal with China and India.
• Gold (/GC) – Gold Futures are down around 1.5% near $4050 after selling off over 5% yesterday, weighed down by signs of easing U.S.-China trade tensions and as investors took advantage of bullion’s recent record rally to take profits while awaiting U.S. inflation data due later this week.
• Bitcoin (/BTC) – The Crypto Future is down 3.5% near 108,000 in premarket trading and is falling from yesterday’s rebound rally.
• VIX – The CBOE Volatility Index fell 2% on Tuesday and settled at 17.87 as stocks consolidated.
• U.S. Dollar (/DX) – The dollar is up 0.2% to 98.9.

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

1. Intuitive Surgical (ISRG): +17.56%
2. Capital One Financial (COF): +3.89%
3. GE Vernova (GEV): +2.85%

1. Texas Instruments (TXN): -7.50%
2. Netflix (NFLX): -7.44%
3. Newmont (NEM): -5.00%

Economic Data

• 7:00 AM ET: MBA Mortgage Applications
• 10:00 AM ET: Atlanta Fed Business Inflation Expectations
• 10:30 AM ET: Oil Inventories
• 1:00 PM ET: 20-Year Bond Auction
• 4:00 PM ET: Fed’s Barr Speaks

Notable Earnings

• Premarket: APH, T, AVY, BSX, CME, GEV, HLT, LII, LAD, MCO, NTRS, TMHC, TECK, TDY, TMO, TNL, VRT, WAB, WGO
• Postmarket: AA, CHDN, CCI, FE, GL, HXL, IBM, KMI, KNX, LRCX, LVS, LC, MOH, ORLY, PKG, PLXS, QS, RS, RHI, SAP, SON, TSLA, URI, WH
• Premarket Tomorrow: AB, AAL, AN, BX, BFH, BC, CBRE, CNP, DOV, DOW, FSV, FCX, HAS, HON, MBLY, MSM, NOK, PTEN, RCI, ROP, R, SNY, SAH, LUV, STM, TMUS, FTI, TXT, TSCO, TRU, UNP, VLO, VC
• Postmarket Tomorrow: ALK, BKR, BYD, DECK, DLR, F, INTC, MHK, NEM, NXT, NSC, RHI, TER, WU

Upgrades/Downgrades

• Morgan Stanley upgrades Hyatt (H) to Overweight from Equal Weight
• RBC Capital upgrades Halliburton (HAL) to Outperform from Sector Perform
• HSBC upgrades Halliburton (HAL) to Buy from Hold
• Keybanc downgrades Global Payments (GPN) to Sector Weight from Overweight
• BMO Capital downgrades W.R. Berkley (WRB) to Underperform from Market Perform
• Mizuho downgrades Alector (ALEC) to Neutral from Outperform 

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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.