U.S. stock futures are higher in premarket trading as equities attempt to end a volatile week on a positive note. The moves come after stocks fell sharply on Thursday with the market once again bogged down by technology stocks.

Today’s gains come even as Amazon (AMZN) shares fell 7% after the ecommerce giant posted earnings per share slightly under analyst expectations and told investors to expect $200 billion in capital expenditures this year.

Bitcoin Futures (/BTC) are also rebounding today after falling to 60K in overnight trading. The Crypto Future is down over 20% this week and hit its lowest levels since October of 2024.

With the January Jobs report delayed to next week, investors will continue to watch earnings fallout along with Consumer Sentiment due this morning.

Snapshot (as of 7 AM ET)

• Oil (/CL) – U.S. crude futures are down 0.3% near $63 a barrel and are on track for their first weekly drop in weeks, as concerns about supply disruption in the Middle East eased with investors focusing on the outcome of U.S.-Iran nuclear talks in Oman later in the day.
• Gold (/GC) – Gold prices are up 0.4% near $4900 after a global tech stock rout and a stronger U.S. dollar wiped out the precious metals’ gains made during a brief rebound earlier this week. Silver Futures (/SI) are down 4% near $74 and are down over 12% this week.
• Bitcoin (/BTC) – The Crypto Future is up 4% near 66,500 in premarket trading. Bitcoin Futures are now down 24% this year and hit their lowest level since October of 2024 overnight at 60K.
• VIX – The CBOE Volatility Index was up 16.8% on Thursday and settled at 21.77 as stocks fell. It was the highest close for the VIX since November 21st of last year.
• U.S. Dollar (/DX) – The dollar is flat at 97.7.

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

1. SanDisk (SNDK): +6.21%
2. Coinbase (COIN): +5.00%
3. Palantir (PLTR): +4.27%
4. Vistra (VST): +3.80%
5. Eli Lilly (LLY): +3.66%

1. Molina Healthcare (MOH): -27.14%
2. Amazon (AMZN): -8.40%
3. Centene (CNC): -3.56%
4. Mettler-Toledo (MTD): -2.38%
5. First Solar (FSLR): -2.07%

Economic Data

• 10:00 AM ET: Consumer Sentiment
• 12:00 PM ET: Fed’s Jefferson Speaks
• 3:00 PM ET: Consumer Credit

Notable Earnings

• Premarket: AER, AN, BIIB, CG, CBOE, CNC, NWL, PM, RXO, TM, UAA, VRTS
• Postmarket: None
• Premarket Tomorrow: APO, BDX, CLF, CAN, KD, MNDY, SBH, TPG
• Postmarket Tomorrow: ACM, AMKR, CHGG, MTW, ON, OPEN, PFG, UDR, UPWK, VNO, GTM

Upgrades/Downgrades

• HSBC upgrades JPMorgan Chase (JPM) to Hold from Reduce
• Oppenheimer upgrades Roku (ROKU) to Outperform from Perform
• Stifel upgrades Snap (SNAP) to Hold from Sell
• DA Davidson downgrades Amazon (AMZN) to Neutral from Buy
• UBS downgrades Norfolk Southern (NSC) to Neutral from Buy
• Baird downgrades Canada Goose (GOOS) to Neutral from Outperform

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