U.S. stock futures are slightly higher in premarket trading as oil and yields paused their recent rally.

The moves come after stocks fell on Monday on higher interest rates with the benchmark 10-Year Yield rising 5 basis point to 5.24%, which is near 20-year highs.

Oil prices are modestly lower under $92 a barrel as markets monitor efforts to reduce Middle East tensions. Citing Iranian Foreign Minister Abbas Araghchi, Al Jazeera reported that Tehran held indirect talks with the U.S. via Qatari mediators in New York.

Investors will watch economic data today with Home Prices, Consumer Confidence and Job Openings due this morning.

Snapshot

• Oil (/CL) – Oil prices are down 1.39% near $91.29 a barrel
• Gold (/GC) – Gold futures are up 0.48% near $4,187
• Bitcoin (/BTC) – The cryptocurrency future is up 1.13% near 84775
• VIX – The CBOE Volatility Index down 1.4% to 15.85 after rising 8% Monday
• U.S. Dollar ($DXY) – The dollar index is up 0.11% to 101.304

Big Premarket Movers

Advancers

• BLOOM ENERGY CORP (BE) 3.21%
• COINBASE GLOBAL INC (COIN) 1.93%
• GEN DIGITAL INC (GEN) 1.92%
• ROBINHOOD MARKETS INC (HOOD) 1.81%
• VERTIV HOLDINGS CO (VRT) 1.71%

Decliners

• FAIR ISAAC CORP (FICO) -16.87%
• EQUIFAX INC (EFX) -2.81%
• SYNOPSYS INC (SNPS) -1.22%
• MONDELEZ INTERNATIONAL INC (MDLZ) -1.18%
• VALERO ENERGY CORP (VLO)-1.17%

Economic Data (ET)

• 9:00 AM FHFA House Price Index
• 9:00 AM Case-Shiller Home Price Index
• 10:00 AM Consumer Confidence
• 10:00 AM JOLTS
• 11:00 AM Fed’s Bowman Speaks
• 12:40 PM Fed’s Barr Speaks
• 1:00 PM Fed’s Goolsbee Speaks
• 1:30 PM Fed’s Musalem Speaks
• 2:00 PM Fed’s Williams Speaks
• 3:00 PM Fed’s Waller Speaks

Notable Earnings

• Premarket: KMX, CCL, UEC
• Postmarket: CNCX
• Premarket Wednesday: CALM, CAG, FDS, JBL
• Postmarket Wednesday: MU, PRGS

Upgrades/Downgrades

Upgrades:

• Deutsche Bank upgrades Netflix (NFLX) from Hold to Buy
• Melius Research upgrades Kroger (KR) from Hold to Buy
• JPMorgan upgrades Bloomin' Brands (BLMN) from Underweight to Neutral
• Mizuho upgrades Stitch Fix (SFIX) from Underperform to Neutral

Downgrades:

• JPMorgan downgrades PepsiCo (PEP) from Overweight to Neutral
• JPMorgan downgrades Monday.com (MNDY) from Overweight to Neutral
• Baird downgrades Ryder System (R) from Outperform to Neutral

For this week's economic and earnings calendars, see Week Ahead: Watch Jobs Data, GDP, and Micron Technology (MU) Earnings

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