Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 0.2% near $59 a barrel as market participants assessed risks stemming from Ukrainian drone strikes on Russian energy sites, mounting U.S.-Venezuela tensions and mixed expectations for U.S. fuel inventories.
• Gold (/GC) – Gold is down 0.9% near $4235, after it touched a six-week high in the previous session, as rising U.S. Treasury yields and profit-taking weighed on sentiment ahead of U.S. economic data likely to guide the Federal Reserve’s policy path.
• Bitcoin (/BTC) – The Crypto Future is rebounding and is up over 2% near 87,700 in premarket trading.
• VIX – The CBOE Volatility Index rose 5.3% on Monday and settled at 17.22 as stocks fell.
• U.S. Dollar (/DX) – The dollar is basically flat at 99.4.

Biggest Premarket Movers (Mark % Change as of 7 AM ET)

1. Teradyne (TER): +2.38%
2. Datadog (DDOG): +2.31%
3. Synopsys (SNPS): +1.69%

1. Charles River Lab (CRL): -1.19%
2. Newmont (NEM): -0.90%
3. DoorDash (DASH): -0.77%

Economic Data

• 10:00 AM ET: Fed’s Bowman Speaks

Notable Earnings

• Premarket: BNS, SIG, UNFI
• Postmarket: AEO, ASAN, BOX, CRWD, GTLB, MRVL, OKTA, PSTG
• Premarket Tomorrow: DLTR, M, RY, THO, UEC
• Postmarket Tomorrow: AI, FIVE, GWRE, NCNO, PVH, CRM, SNOW, PATH

Upgrades/Downgrades

• KeyBanc upgrades T-Mobile U.S. (TMUS) to Sector Weight from Underweight
• Baird upgrades Albemarle (ALB) to Neutral from Underperform
• Stifel upgrades Teradyne (TER) to Buy from Hold
• BofA downgrades PagerDuty (PD) to Underperform from No Rating
• Goldman Sachs downgrades Symbiotic (SYM) to Sell from Neutral
• Morgan Stanley downgrades Inspire Medical (INSP) to Equal Weight from Overweight

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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