U.S. stock futures are relatively flat in the premarket after the S&P 500 and Nasdaq-100 settled at new all-time highs on Monday. Positive earnings have extended the recent gains and a falling dollar and lower yields have lent support to the equity rally.

Investor focus today will be on earnings. Reports are due from General Motors (GM), General Electric (GE), and Coca-Cola (KO) this morning, among other companies.

Snapshot (as of 6:30 AM ET)

• Oil (/CL) – Oil prices are down 1.0% near $65.00 a barrel, its 3rd straight day of losses, on concerns the brewing trade war between major crude consumers the U.S. and the E.U. will curb fuel demand growth by reducing economic activity.
• Gold (/GC) – Gold prices are down 0.3% near $3397 as investors booked profits after prices scaled to a five-week high yesterday, while market participants focused on trade talks ahead of U.S. President Donald Trump’s August 1 deadline.
• Bitcoin (/BTC) – The Crypto Future is up 2% near $119K in the premarket.
• VIX – The CBOE Volatility Index rose 1.5% on Monday and settled at 16.65 as stocks fell off of session highs in the afternoon.
• U.S. Dollar (/DX) – The dollar is flat at 97.6.

Biggest Premarket Movers (Mark % Change as of 6:30 AM ET)

1. Iqvia (IQV): +8.01%
2. Hess (HES): +7.58%
3. DR Horton (DHI): +7.07%

1. Lockheed Martin (LMT): -8.15%
2. NXP Semiconductors (NXPI): -6.25%
3. RTX (RTX): -3.66%

Economic Data

• 8:30AM ET: Fed’s Powell Speaks
• 10:00AM ET: Richmond Fed Mfg. Index
• 1:00PM ET: Fed’s Bowman Speaks

Notable Earnings

• Premarket: AVY, KO, DHI, DHR, EFX, GM, GPC, HAL, IPG, IVZ, KEY, LMT, NOC, PCAR, PNR, PM, PHM, DGX, RTX, SHW, SPWR, SYF, THC, VMI
• Postmarket: BKR, CNI, COF, CB, CSGP, ENPH, EQT, ISRG, MTDR, PEGA, RRC, SAP, TXN
• Premarket Tomorrow: T, BSX, CME, EQNR, FI, FCX, GEV, GD, HAS, HLT, INFY, LW, LII, MCO, NEE, NTRS, OTIS, RCI, TMO, TMHC, TNL
• Postmarket Tomorrow: ALK, GOOGL, CMG, CCI, CSX, IBM, KNX, MAT, MTH, MOH, ORLY, PKG, QS, ROL, NOW, SON, TMUS, TSLA, URI, WH

Upgrades/Downgrades

• Keybanc upgrades Cleveland-Cliffs (CLF) to Overweight from Sector Weight
• William Blair upgrades Booz Allen Hamilton (BAH) to Outperform from Market Perform
• Baird upgrades STMicroelectronics (STM) to Outperform from Neutral
• Phillip Securities downgrades Netflix (NFLX) to Sell from Neutral
• Compass Point downgrades Circle (CRCL) to Sell from Neutral
• JPMorgan downgrades Lululemon (LULU) to Neutral from Overweight

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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.