U.S. stock futures are relatively flat in premarket trading after the Dow Jones Industrial Index ($DJI) and Russell 2000 (RUT) settled at record highs Monday.

Monday’s rally came after President Donald Trump announced that the U.S. and Iran had reached a deal to end the war in the Middle East. Falling oil prices contributed to positive stock moves, and crude is down another 3% today to 3-month lows near $78 per barrel.

Technology investments were leaders among gainers Monday with the Philadelphia Semiconductor Index (SOX) jumping more 5%. Investor focus remains on geopolitical headlines today along with U.S. housing starts and permits data.

Snapshot (as of 8 AM ET)

• Oil (/CL) – Oil prices are down roughly 3% to a recent $78.31
• Gold (/GC) – Gold is up 0.24% to 4,362.10
• Bitcoin (/BTC) – The cryptocurrency futures are down 0.23% to 66,440
• VIX – The CBOE Volatility Index is down 0.43% to 16.13
• U.S. Dollar ($DXY) – The dollar index is up 0.03% to 99.668

Biggest Premarket Movers (as of 8 AM ET)

Advancers:

• Western Digital Corp (WDC) 9.88%
• Seagate Technology Holdings Plc (STX) 7.69%
• Qualcomm Inc (QCOM) 4.86%
• Micron Technology Inc (MU) 3.09%
• Edwards Lifesciences (EW) 2.86%

Decliners:

• Marriott International Inc (MAR) -1.90%
• Intel Corp (INTC) -1.02%
• Microsoft Corp (MSFT) -0.87%
• Tesla Inc (TSLA) -0.84%
• LyondellBasell Industries (LYB) -0.73%

Economic Data (ET)

• 08:30AM: Housing Starts/Permits
• 08:30AM: Import and Export Prices
• 01:00PM: 2-Year Bond Auction

Notable Earnings

• Premarket: UXIN, WLY
• Postmarket: LZB
• Premarket Wednesday: KMX, JBL, PGR
• Postmarket Wednesday: SB

Upgrades/Downgrades

• BofA upgrades ExxonMobil (XOM) to Buy from Neutral
• Wolfe Research upgrades Palantir (PLTR) to Peer Perform from Underperform
• Evercore ISI downgrades Roku (ROKU) to In Line from Outperform
• BTIG downgrades Fannie Mae (FNMA) and Freddie Mac (FMCC) to Neutral from Buy

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.

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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.