U.S. stock futures are higher in premarket trading, led by tech, as November trading kicks off. Wall Street is coming off a winning session on Friday and solid gains for the month of October, with the S&P 500 (SPX) on a 6-month win streak.

Earnings season continues this week with over 100 S&P 500 companies reporting. More than 60% of the S&P 500 companies have released quarterly results with over 80% beating expectations according to FactSet.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 0.1% near $61 a barrel, despite news that OPEC+ plans to end its supply increases, with the market weighed down by fears of an oil supply glut and weak factory data in Asia.
• Gold (/GC) – Gold prices are up 0.6% near $4015, helped by expectations of further U.S. interest rate cuts after comments from the U.S. Federal Reserve Board’s Christopher Waller, though a stronger dollar and easing trade tensions kept gains in check.
• Bitcoin (/BTC) – The Crypto Future is down 1.6% near 108,200 in premarket trading.
• VIX – The CBOE Volatility Index rose 3% on Friday and settled at 17.44 despite stocks finishing higher.
• U.S. Dollar (/DX) – The dollar is flat at 99.7.

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

1. Kenvue (KVUE): +19.69%
2. Idexx Labs (IDXX): +6.11%
3. Dell Technologies (DELL): +3.94%

1. Kimberly Clark (KMB): -14.07%
2. CMS Energy (CMS): -1.50%
3. Eaton (ETN): -1.12%

Economic Data

• 9:45 AM ET: PMI Mfg. - Final
• 10:00 AM ET: ISM Mfg. Index, Construction Spending
• 12:00 PM ET: Fed’s Daly Speaks
• 2:00 PM ET: Fed’s Cook Speaks

Notable Earnings

• Premarket: BNTX, CAN, FUBO, KTB, L, ON, PNW
• Postmarket: AL, CLX, EMN, EXAS, FN, GT, HIMS, PLTR, PAY, PGR, QRVO, RNG, SBAC, SPG, UPWK, VRTX, WMB
• Premarket Tomorrow: QADT, APO, ADM, BALL, BP, CPRI, CDW, ETN, ERJ, UUUU, EXC, FTS, IT, GPN, GPK, HOG, HTZ, LDOS, MPC, MAR, MLM, TAP, NCLH, PFE, PHG, SHOP, SPOT, UBER, WING, YUM, ZTS
• Postmarket Tomorrow: AMD, AFL, AIG, AMGN, ANGI, ANET, CAVA, CRUS, CLOV, CTVA, CPNG, FLYW, GDRX, GO, IFF, KGC, KD, LYV, LITE, MAC, MARA, MASI, MTCH, MOS, OI, PCTY, PINS, RIVN, SWKS, SMCI, TOST, TREX, UPST, ZETA

Upgrades/Downgrades

• Piper Sandler upgrades Roku (ROKU) to Overweight from Neutral
• Freedom Capital upgrades Boeing (BA) to Buy from Hold
• KGI Securities upgrades Netflix (NFLX) to Outperform from Neutral
• Keybanc downgrades Charter Communications (CHTR) to Sector Weight from Overweight
• B. Riley downgrades Rigetti Computing (RGTI) to Neutral from Buy
• BofA downgrades Marsh McLennan (MMC) to Underperform from Neutral

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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.