U.S. stock futures are slightly higher in premarket trading after the Dow Jones Industrial Average and Russell 2000 rose to a fresh record closes, with Wall Street set to close out a strong second quarter.

The S&P 500 and Nasdaq were up nearly 14% and 25%, respectively for Q2, on pace for their biggest quarterly gain since the second quarter of 2020.

Oil prices are stable near $70 a barrel as the pause in hostilities continues between the U.S. and Iran. Investor focus turns to economic data today with reports on home prices, consumer confidence and job openings.

Snapshot (as of 8 AM ET)

• Oil (/CL) – Oil prices are up 0.31% to 70.96
• Gold (/GC) – Gold is up 0.18% to 4045.8
• Bitcoin (/BTC) – The cryptocurrency futures are down 1.95% to 59,375
• VIX – The CBOE Volatility Index is down 1.53% to 17.39
• U.S. Dollar ($DXY) – The dollar index is up 0.26% to 101.63

Biggest Premarket Movers (as of 8 AM ET)

Advancers:

• Albemarle (ALB) 3.80%
• Sandisk (SNDK) 3.15%
• Applied Materials (AMAT) 2.61%
• First Solar (FSLR) 2.49%
• Lam Research (LRCX) 2.29%

Decliners:

• Digital Realty Trust (DLR) -4.00%
• Host Hotels & Resorts (HST) -3.13%
• Trade Desk (TTD) -2.95%
• Coinbase (COIN) -1.88%
• Western Digital (WDC) -1.08%

Economic Data (ET)

• 9:00 AM: Case-Shiller Home Price Index
• 9:00 AM: FHFA House Price Index
• 9:45 AM: Chicago PMI
• 10:00 AM: Consumer Confidence
• 10:00 AM: JOLTS

Notable Earnings

• Premarket: N/A
• Postmarket: STZ, NKE, PRGS
• Premarket Wednesday: FDS, GIS, MSM, UNF
• Postmarket Wednesday: GBX

Upgrades/Downgrades

• Piper Sandler upgrades Block (XYZ) to Overweight from Underweight
• Daiwa upgrades Honeywell (HON) to Outperform from Neutral
• Deutsche Bank and Rosenblatt upgrade Comcast (CMCSA) to Buy, from Hold and Neutral, respectively
• Oppenheimer downgrades Goldman Sachs (GS) and Morgan Stanley (MS) to Underperform from Perform, Bank of America (BAC) to Perform from Outperform and Citi (C) to Perform from Outperform
• HSBC downgrades downgrades Fortinet (FTNT) to Reduce from Hold
• BofA downgrades Logitech (LOGI) to Underperform from Neutral, and Olin (OLN) to Underperform 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.