U.S. stock futures are relatively flat in premarket trading after the benchmark S&P 500 and Nasdaq-100 index rose to all-time highs in the previous session. Investors will monitor morning remarks from Federal Reserve Chair Jerome Powell at a community bank conference, as well as speeches from other Fed officials.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 0.4% near $62.30 a barrel after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza, weighing on oil’s war risk premium and pushing investors to sell.
• Gold (/GC) – Gold prices are down 0.3% but held above the $4,000 level on Thursday, as investors assessed the Israel-Hamas ceasefire deal, while broader geopolitical and economic uncertainty alongside expectations for U.S. rate cuts sustained bullish sentiment for the metal.
• Bitcoin (/BTC) – The Crypto Future is down 0.5% near 123,000 in premarket trading after hitting all-time highs on Monday.
• VIX – The CBOE Volatility Index was down 5.5% on Wednesday and settled at 16.27 as stocks rallied to record highs.
• U.S. Dollar (/DX) – The dollar is flat at 98.7.

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

1. Delta Airlines (DAL): +6.18%
2. United Airlines (UAL): +5.06%
3. Albemarle (ALB): +3.06%

1. Tesla (TSLA): -1.13%
2. PulteGroup (PHM): -1.10%
3. Micron (MU): -0.81%

Economic Data

• 8:30AM ET: Fed’s Powell Speaks
• 8:35AM ET: Fed’s Bowman Speaks
• 10:30AM ET: Natural Gas Inventories
• 12:45PM ET: Fed’s Barr Speaks
• 1:00PM ET: 30-Year Bond Auction
• 3:45PM ET: Fed’s Bowman Speaks

Notable Earnings

• Premarket: DAL, HELE, PEP, TLRY
• Postmarket: APOG, LEVI
• Premarket Tomorrow: None
• Postmarket Tomorrow: None

Upgrades/Downgrades

• Berenberg upgrades DraftKings (DKNG) to Buy from Hold
• MoffettNathanson upgrades Roblox (RBLX) to Neutral from Sell
• Piper Sandler upgrades PNC Financial (PNC) to Overweight from Neutral
• HSBC downgrades Bloom Energy (BE) to Hold from Buy

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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.