U.S. stock futures are modestly higher in premarket trading as the tech-heavy Nasdaq-100 (NDX) is at all-time highs.

The moves come after a positive start to the week on Monday as all four major indices were higher. Tech led gains yesterday as Nvidia (NVDA) hit a record high and the Mag 7 stocks lifted the overall market.

Falling oil prices and weakening yields are lending support to stocks today. Crude fell 2% yesterday and is down this morning near $87 a barrel. Yields are pulling back today after hitting 24-year highs on Monday with the benchmark 10-Year near 5.25%.

With little economic data and earnings due, investor focus will remain on oil prices, yields and strength in tech stocks. 

Snapshot

• Oil (/CL) – Oil prices are down roughly 2% near $87.47 a barrel
• Gold (/GC) – Gold futures are up about 1% near $4,201 per ounce
• Bitcoin (/BTC) – The cryptocurrency future is up 0.73% near 86,630
• VIX – The CBOE Volatility Index is down about 1.3% near 15.31
• U.S. Dollar ($DXY) – The dollar index is down 0.35% to 101.815

Big Premarket Movers

Advancers:

• Constellation Energy (CEG) +5.86%
• Vistra (VST) +3.58%
• Charter Communications (CHTR) +3.02%
• Illumina (ILMN) +1.81%
• Bloom Energy (BE) +1.80%

Decliners:

• Western Digital (WDC) -2.84%
• Seagate Technology (STX) -1.93%
• Occidental Petroleum (OXY) -0.91%
• APA Corp. (APA) -0.80%
• Nike (NKE) -0.65%

Economic Data (ET)

• 8:30 AM: International Trade in Goods and Services 
• 9:05 AM: Fed’s Williams Speaks
• 10:45 AM: Fed’s Bowman Speaks
• 1:00 PM: 3-Year Note Auction
• 1:15 PM: Fed’s Schmid Speaks

Notable Earnings

• Premarket: APOG, LW, RPM
• Postmarket: STZ, PENG, WS
• Premarket Wednesday: N/A
• Postmarket Wednesday: APLD, LEVI

Upgrades/Downgrades

Upgrades:

• Evercore ISI upgrades Procter & Gamble (PG) from In Line to Outperform
• Citi upgrades JetBlue Airways (JBLU) from Sell to Neutral
• Wells Fargo upgrades Cleveland-Cliffs (CLF) from Equal Weight to Overweight
• Morgan Stanley upgrades BorgWarner (BWA) from Equal Weight to Overweight
• JPMorgan upgrades Corteva (CTVA) from Neutral to Overweight
• Deutsche Bank upgrades Penn Entertainment (PENN) and Boyd Gaming (BYD) from Hold to Buy
• StoneX upgrades Texas Roadhouse (TXRH) from Hold to Buy

Downgrades:

• Berenberg downgrades Nike (NKE) from Hold to Sell
• FBN Securities downgrades SentinelOne (S) from Outperform to Sector Perform

For this week's economic and earnings calendar, see: Week Ahead: FOMC Minutes Kick Off Final Quarter of 2026

Also see: Week in Review: 10 Interviews on Markets, Rates, AI, and Volatility

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