U.S. stock futures are sharply higher in premarket trading with lower oil prices and yields lending to the bullish sentiment.

The moves come after mixed markets in choppy trade last week with the tech-heavy Nasdaq-100 (NDX) the only major index that was positive. Oil prices are down about 2.6% near $93.50 a barrel despite geopolitical tensions. President Donald Trump said he is in a “deciding mode” and “very big things” are going to happen in the near future regarding the US-Iran war. Yields are also lower with the benchmark 10-Year near 4.95%.

With minimal economic data and earnings this week, investor focus will be on oil prices, geopolitical risks and yields. Focus will also be on a key summit this week between U.S. President Donald Trump and Chinese President Xi Jinping, who are expected to discuss trade, tariffs, artificial intelligence, and other economic issues.

Snapshot

• Oil (/CL) – Oil futures are down 2.6% to $93.57 per barrel
• Gold (/GC) – Gold futures are down 0.59% to 4,398.70 per ounce
• Bitcoin (/BTC) – The cryptocurrency futures are up 4.28% to 84,810
• VIX (/VIX) – The CBOE Volatility Index is up 0.34% to 14.86
• U.S. Dollar ($DXY) – The dollar index is up 0.04% to 100.267

Big Premarket Movers

Advancers:

• Warner Bros. Discovery (WBD) +7.19%
• Ciena (CIEN) +5.50%
• Paramount Skydance (PSKY) +5.29%
• Coinbase Global (COIN) +5.12%
• Intel (INTC) +5.11%

Decliners:

• HP Inc. (HPQ) -1.83%
• Phillips 66 (PSX) -1.51%
• APA Corp. (APA) -1.27%
• Monster Beverage (MNST) -1.05%
• Valero Energy (VLO) -1.04%

Economic Data (ET)

• 6:30 AM: Fed’s Goolsbee Speaks
• 8:30 AM: Chicago Fed National Activity Index
• 11:30 AM: 3 and 6-month Bill Auctions

Notable Earnings

• Premarket: N/A
• Postmarket: N/A
• Premarket Tuesday: AZO, MLKN, THO
• Postmarket Tuesday: KBH, WOR

Upgrades/Downgrades

• BNP Paribas upgrades AT&T (T) from Neutral to Outperform
• Evercore ISI upgrades Ciena (CIEN) from In Line to Outperform
• Mizuho upgrades Invitation Homes (INVH) and AMH (AMH) from Neutral to Outperform
• Evercore ISI upgrades Macerich (MAC) from In Line to Outperform
• Jefferies upgrades Arhaus (ARHS) from Hold to Buy
• Rothschild & Co Redburn downgrades Flutter Entertainment (FLUT) from Buy to Neutral

Also see the article summing the week that was: Week in Review: Will Oil and AI Carry the S&P 500? and this week's economic and earnings calendars in Week Ahead: Heavy Economic Data as U.S.-China Summit Looms.

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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