Stocks are on the move to the upside as a holiday-shortened trading week dawns, with S&P 500 futures up almost 1.5% and its peer indices showing similar strength on word that President Trump delayed 50% tariffs on the European Union until July 9. Tech stocks are up in early trading, with SMCI, AMD, PLTR, ANET, and DELL leading the way as the biggest premarket gainers. Meanwhile, PDD Holdings, the owner of Temu, is down about -17% after missing earnings.

There is much economic data for traders to consider today, with Durable Goods, Case-Shiller Home Price Index, FHFA House Price Index, Consumer Confidence and the Dallas Fed Manufacturing Survey all on the docket. Fed presidents Neel Kashkari and John Williams also are slated to speak today.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 0.5% to $61.30.
• Gold (/GC) – Gold is down over 2% to $3290.
• Bitcoin (/BTC) – The cryptocurrency is up 0.75%, sticking above the $100K level at $109.7K.
• VIX – The CBOE Volatility Index has fallen slightly to 20.3.
• U.S. Dollar (/DX) – The dollar is up almost 0.5% to 99.3.

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

1. Super Micro Computer (SMCI): +3.77%
2. Advanced Micro Devices (AMD): +3.35%
3. Palantir (PLTR): +3.09%

1. Newmont (NEM): -2.33%
2. Leidos (LDOS): -0.32%
3. Johnson & Johnson (JNJ): -0.29%

Economic Data

• 4:00AM ET: Fed’s Kashkari Speaks
• 8:30AM ET: Durable Goods Orders
• 9:00AM ET: Case-Shiller Home Price Index, FHFA House Price Index
• 9:30AM ET: Fed’s Barkin Speaks
• 10:00AM ET: Consumer Confidence
• 10:30AM ET: Dallas Fed Mfg. Survey
• 11:30AM ET: 3-Month Bill Auction, 6-Month Bill Auction
• 1:00PM ET: 6-Week Bill Auction, 2-Year Bill Auction, Money Supply
• 8:00PM ET: Fed’s Williams Speaks

Notable Earnings

• Premarket: PDD, AZO, BNS
• Postmarket: HEI, OKTA, BOX, SMTC
• Premarket Tomorrow: BMO, DKS, ANF, M, CPRI
• Postmarket Tomorrow: NVDA, CRM, SNPS, VEEV, A, HPQ, NTNX, UHAL, NDSN, ELF, AI

Upgrades/Downgrades

• Jeffries upgrades Southwest Airlines (LUV) to Hold from Underperform
• BNP Paribas Exane upgrades Block (XYZ) to Outperform from Neutral
• Goldman Sachs upgrades Cummins (CMI) to Buy from Neutral
• Barclays downgrades CoreWeave (CRWV) to Equal Weight from Overweight
• Goldman Sachs downgrades KBR (KBR) to Neutral from Buy
• Truist downgrades Jack in the Box (JACK) 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.