U.S. stock futures are mixed ahead of the Wall Street open with tech leading to the downside again.

The moves come after a mixed session on Monday with semiconductor stocks lower and the PHLX Semiconductor Index (SOX) down more than 2%. Chip producers and other AI-related firms are extending their selloff as worries about China’s progress in advanced chipmaking weighs down sentiment.

Investors are bracing for earnings this week with over one-third of S&P 500 companies reporting quarterly results. Those include reports from tech heavyweights including Meta Platforms (META) and Microsoft (MSFT) on Wednesday and Amazon (AMZN) and Apple (AAPL) on Thursday after the close.

The Fed’s rate decision is due Wednesday afternoon. Investors expect that the central bank will remain on hold, but they will look for clarity on the path forward for monetary policy. Oil prices are down again to near $81 a barrel after falling about 8% yesterday amid a pause in fighting between the U.S. and Iran.

Snapshot (as of 8 AM ET)

• Oil (/CL) – Oil futures are down roughly 1.2% to $81.45 per barrel
• Gold (/GC) – Gold futures are down 1.24% to 4,026.80 per ounce
• Bitcoin (/BTC) – The cryptocurrency futures are down 2.3% to 63,475
• VIX (/VIX) – The CBOE Volatility Index is up 0.27% to 18.72
• U.S. Dollar ($DXY) – The dollar index is up 0.03% to 101.567

Biggest Premarket Movers (as of 8 AM ET)

Advancers:

• IQVIA Holdings (IQV) 7.87%
• Sherwin-Williams (SHW) 6.60%
• The Coca-Cola Company (KO) 3.32%
• Cadence Design Systems (CDNS) 3.22%
• Welltower (WELL) 3.14%

Decliners:

• Corning (GLW) -16.29%
• Pentair (PNR) -7.20%
• SanDisk (SNDK) -6.98%
• Western Digital (WDC) -6.57%
• Micron Technology (MU) -6.48%

Economic Data (ET)

• 8:30 AM: International Trade in Goods
• 8:30 AM: Retail/Wholesale Inventories
• 9:00 AM: Case-Shiller Home Price Index
• 9:00 AM: FHFA House Price Index
• 10:00 AM: Consumer Confidence
• 10:00 AM: Richmond Fed Mfg. Index
• 01:00 PM: 7-Year Note Auction

Notable Earnings

• Premarket: AMT, BA, CARR, CNC, CMS, KO, GLW, DTE, ECL, GSK, HRI, HLT, HUBB, ITW, INCY, IVZ, IQV, JBLU, OSK, PCAR, PYPL, PNR, PII, RCL, PHG, SPGI, SHW, SPWR, TXT, TRU, UPS, XYL
• Postmarket: CAR, AXS, BE, CZR, CNP, CAKE, CSGP, CR, ENPH, FE, F, GEF, KLAC, LOGI, MDLZ, NBR, NOV, NXPI, OI, OMC, PPG, QRVO, STX, SKHY, SWKS, TER, TTAM, UNM, V, WERN, WM
• Premarket Wednesday: AER, APH, AON, ADP, AVTR, BAND, BLCO, BIIB, BSX, BG, CHEF, CTSH, FTV, GRMN, GEHC, GNRC, GD, HUM, JCI, LII, LAD, MAS, PSN, PAG, PG, SMG, SOFI, SWK, TEVA, UBS, VRT, VFC, VMC, WSO, WEC, WING
• Postmarket Wednesday: AEM, ALGN, AWK, AR, ARM, BHC, CHRW, CWH, CP, CVNA, CMG, EA, FLS, FTNT, FTAI, GFL, KGC, LHX, LRCX, MTH, META, MGM, MSFT, MC, ORLY, PPC, PSA, QCOM, HOOD, SFM, SBUX, TDOC, TYL, VTR

Upgrades/Downgrades

• UBS upgrades Intuitive Surgical (ISRG) to Buy from Neutral
• JPMorgan upgrades International Paper (IP) to Overweight from Neutral
• BofA upgrades Honeywell (HON) to Neutral from Underperform
• BofA downgrades Exxon Mobil (XOM) to Neutral from Buy
• UBS downgrades Albertsons (ACI) to Neutral from Buy
• TD Cowen downgrades Intuit (INTU) 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.