U.S. stock futures are mixed in premarket trading with the S&P 500 and Nasdaq-100 (NDX) coming off of three-week win streaks.

The small-cap Russell 2000 (RUT) settled at another record high on Friday and the S&P 500 is just below its all-time highs from Thursday. Despite no movement on geopolitical tensions in the Middle East, stocks continue to climb this month.

Oil prices are modestly higher to roughly $82.50 a barrel ahead of the opening bell. Investor focus will be on the consumer this week with retail earnings due from Home Depot (HD), Lowe’s (LOW), Target (TGT) and Walmart (WMT). Fridays’ retail sales came in at -0.6% versus the +0.1% expected as spending is slowing.

Snapshot (as of 7:45 AM ET)

• Oil (/CL) – Oil futures are up 0.15% to $82.52 per barrel
• Gold (/GC) – Gold futures are up 0.45% per ounce to 4,456.50
• Bitcoin (/BTC) – The cryptocurrency futures are up 1.2% to 63,750
• VIX (/VIX) – The CBOE Volatility Index is up 4.63% to 14.91
• U.S. Dollar ($DXY) – The dollar index is down 0.18% to 99.490

Big Premarket Movers (as of 7:45 AM ET)

Advancers

• Sandisk (SNDK) 4.26%
• Western Digital (WDC) 3.28%
• Micron Technology (MU) 2.92%
• Coherent (COHR) 2.29%
• Marvell Technology (MRVL) 2.05%

Decliners

• Workday (WDAY) -2.86%
• The Trade Desk (TTD) -2.33%
• L3Harris Technologies (LHX) -2.00%
• Ross Stores (ROST) -1.37%
• United Parcel Service (UPS) -1.01%

Economic Data (ET)

• 8:30 AM: Empire State Manufacturing Index
• 10:00 AM: NAHB Housing Market Index
• 11:30 AM: 3- and 6-Month Bill Auctions
• 4:00 PM: Treasury International Capital

Notable Earnings

• Premarket: N/A
• Postmarket: FN, XP
• Premarket Tuesday: AS, BIDU, HSAI, HD, IQ, KLAR, PONY, VNET
• Postmarket Tuesday: SQM, JKHY, KEYS, LZB, TOL, ZTO

Upgrades/Downgrades

• Rothschild & Co Redburn upgrades Apple (AAPL) from Neutral to Buy
• Freedom Broker upgrades Cisco (CSCO) from Hold to Buy
• Wells Fargo upgrades Okta (OKTA) from Equal Weight to Overweight
• Phillip Securities downgrades Shopify (SHOP) from Buy to Accumulate
• Deutsche Bank and BTIG downgrade Workday (WDAY), from Buy to Hold and from Buy to Neutral, respectively
• Deutsche Bank downgrades SentinelOne (S) from Buy to Hold

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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