U.S. stock futures are slightly higher in premarket trading as the market seeks to gain some footing after falling last week as volatility ramped up.

Stocks rebounded on Friday, after New York Federal Reserve leader Williams left the door open to a December interest rate cut. The S&P 500 is now over 4% off its recent all-time high with the tech-heavy Nasdaq-100 (NDX) is off over 7% from its record level from last month.

Investor focus this week will be on data, much of it delayed, and includes PPI, Retail Sales, Consumer Confidence and PCE numbers.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are up 0.2% around $58.20 a barrel, extending last week’s decline of over 3%, as investors weighed the chances for a U.S. rate cut against the prospect of a Ukraine peace deal that could lead to an easing of sanctions on major producer Russia.
• Gold (/GC) – Gold prices are flat near $4,070 as growing expectations of a Federal Reserve rate cut next month and a slightly weaker U.S. dollar are having little positive effect on the precious metal.
• Bitcoin (/BTC) – The Crypto Future is up over 1.7% near 86,000 in premarket trading and is rebounding from 7-month lows near 80K on Friday.
• VIX – The CBOE Volatility Index fell 11.3% on Friday and settled at 23.43 as stocks rose. The VIX rose 18% last week as stocks were lower.
• U.S. Dollar (/DX) – The dollar is down 0.2% to just below 100.

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

1. Centene (CNC): +7.56%
2. Molina Healthcare (MOH): +4.55%
3. Bristol Myers Squibb (BMY): +4.02%

1. Albemarle (ALB): -1.77%
2. Take-Two Interactive (TTWO): -1.05%
3. L3Harris Technologies (LHX): -0.93%

Economic Data

• 8:30 AM ET: Chicago Fed Natl. Activity Index
• 10:30 AM ET: Dallas Fed Mfg. Survey
• 1:00 PM ET: 2-Year Note Auction

Notable Earnings

• Premarket: WRD
• Postmarket: A, BLBD, FLNC, KEYS, SNEX, WWD, ZM
• Premarket Tomorrow: ANF, BABA, AMTM, ADI, BBY, BURL, DKS, SJM, KSS, NIO, PONY, TITN
• Postmarket Tomorrow:gt564rf b AMBA, ADSK, CLSK, DELL, GES, HPQ, NTAP, NTNX, PD, WOOF, URBN, WDAY, ZS

Upgrades/Downgrades

• BMO Capital upgrades MP Materials (MP) to Outperform from Market Perform
• Wells Fargo upgrades Merck (MRK) to Overweight from Equal Weight
• Wedbush upgrades Carvana (CVNA) to Outperform from Neutral
• UBS downgrades Jazz Pharma (JAZZ) to Neutral from Buy
• Evercore ISI downgrades QuantumScape (QS) to In Line from Outperform

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.