U.S. Futures Edge Higher as Earnings Flood In

U.S. stock futures are slightly higher in premarket trading as investors digest more earnings reports amid a rebound in tech stocks.

The moves come after equities mostly rose Tuesday as oil fell and yields stabilized. Earnings are in focus after SpaceX (SPCX) and Netflix (NFLX) reported earnings: SpaceX shares are up about 8% this morning after the company said third-quarter revenue grew 161%. Netflix shares are down more than 6% after the streaming company reported its slowest sales growth in three years. After the close today, results are due from Meta Platforms (META), IBM (IBM), and Tesla (TSLA).

Oil prices are higher this morning amid ongoing concerns about global supply risks. WTI crude was recently trading near $99 a barrel.

Snapshot

• Oil (/CL) – Oil futures are up about 0.83% at $98.63 a barrel
• Gold (/GC) – Gold futures are up 0.37% to $4,158.20 per ounce
• Bitcoin (/BTC) – Cryptocurrency futures are up 1.14% to 83,515
• VIX (/VIX) – The CBOE Volatility Index is up 0.06% to 17.32
• U.S. Dollar ($DXY) – The dollar index is down 0.03% to 101.675

Big Premarket Movers

Advancers:

• Super Micro Computer (SMCI) +11.18%
• Vertiv Holdings (VRT) +6.51%
• Dell Technologies (DELL) +5.62%
• Lumentum Holdings (LITE) +5.11%
• Coherent (COHR) +4.39%

Decliners:

• Netflix (NFLX) -6.99%
• Intuitive Surgical (ISRG) -5.24%
• Cencora (COR) -5.18%
• AT&T (T) -4.49%
• Danaher (DHR) -4.23%

Economic Data (ET)

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

Notable Earnings

• Premarket: ABT, CME, DHR, ELV, LAD, MCO, NEE, PM, TMO, T, WAB, WFRD, WGO
• Postmarket: CACI, CCI, CSX, ESI, GGG, GL, HXL, IBM, KNX, KALU, LRCX, LUV, META, MOH, PKG, QS, ROL, RS, SAP, SON, TSLA, TXN, URI, WCN
• Premarket Thursday: AAL, ALLE, BFH, BX, CBRE, CMCSA, DGX, DOV, DOW, FSV, HBAN, HON, LMT, MSM, NDAQ, NOK, NSC, NVR, PCG, PG, PHM, POOL, R, ROP, SNA, SPOT, TSCO, UNP, VC, VLO
• Postmarket Thursday: BE, BYD, DECK, NEM, RNG, SAM, VRSN, WDC

Upgrades/Downgrades

Upgrades:

• Oppenheimer upgrades Zoom Communications (ZM) from Perform to Outperform
• Baird upgrades Northrop Grumman (NOC) from Neutral to Outperform
• Raymond James upgrades Prologis (PLD) from Market Perform to Outperform
• Erste Group upgrades Intuitive Surgical (ISRG) from Hold to Buy
• Evercore ISI upgrades Fifth Third Bancorp (FITB) from In Line to Outperform

Downgrades:

• TD Cowen downgrades Chipotle Mexican Grill (CMG) from Buy to Hold
• Arete downgrades Fortinet (FTNT) from Buy to Sell
• Erste Group downgrades Johnson & Johnson (JNJ) from Buy to Hold
• Baird downgrades Accenture (ACN) from Outperform to Neutral
• Barclays downgrades Cirrus Logic (CRUS) from Equal Weight to Underweight
• RBC Capital downgrades Mobileye (MBLY) from Sector Perform to Underperform

See the economic and earnings Calendar for the week of Oct. 19, 2026: Week Ahead: Can Corporate Earnings Offset Inflation Risk? and for more on U.S. energy dynamics, read What Could Influence Natural Gas This Winter? | What Could Influence Natural Gas This Winter?

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