Futures are pointing toward a higher open for stocks as the final trading day of the week begins, with the tech-heavy Nasdaq 100 (/NQ) showing the most strength. The U.S. and Iran fired on each other in the Strait of Hormuz, with each side claiming the other shot first – however, crude oil futures are rising modestly.

Coreweave (CRWV) is down more than 7% after earnings missed on EPS and guidance came in weak. Meanwhile, Akamai Technology (AKAM) is up almost 25% after announcing a $1.8B commitment for cloud computing services from a major AI provider.

Today’s earnings include Enbridge (ENB), TeraWulf (WULF), and Fluor (FLR), while economic data includes the U.S. Jobs Report and Michigan Consumer Sentiment.

Snapshot (as of 7 AM ET)

• Gold (/GC): Gold is up around +0.50% near 4,736, after yesterday’s slight -0.15% decline.
• Bitcoin (/BTC): The cryptocurrency is little changed, up around +0.10% near 80,435, with early trading pointing toward breaking a two-day dip that brought price about -3% lower.
• CBOE Vol. Index (VIX): The VIX is at about 17.10, almost unchanged since yesterday’s close of 17.08 and showing little net movement since Wednesday.
• U.S. Dollar (/DX): The greenback is down about -0.07% around 97.87, reversing yesterday’s +0.26% gain.
• Crude Oil (/CL): The U.S. benchmark is slightly higher at near $94.80 per barrel after recovering from downward spikes.

Biggest Premarket Movers (as of 7:30 AM ET)

AKAMAI TECHNOLOGIES (AKAM): +24.43%

BLOCK INC A Class A (XYZ): +10.48%

MONSTER BEVERAGE COR (MNST): +7.28%

QUALCOMM INC (QCOM): +6.94%

SANDISK CORP (SNDK): +4.65%

THE TRADE DESK INC Class A (TTD): -12.77%

EXPEDIA GROUP INC (EXPE): -7.43%

METTLER-TOLEDO INTL (MTD): -2.98%

SALESFORCE INC (CRM): -2.19%

COINBASE GLOBAL INC A (COIN): -2.18%

Economic Data

08:30 AM ET: Non-Farm Payrolls

08:30 AM ET: Unemployment Rate

08:30 AM ET: Average Hourly Earnings

08:30 AM ET: Participation Rate

08:30 AM ET: Nonfarm Payrolls

10:00 AM ET: Michigan Consumer Sentiment

01:00 PM ET: Baker Hughes Oil Rig Count

02:20 PM ET: Fed leader Goolsbee speaks

06:30 PM ET: Fed leaders Bowman, Daly, Goolsbee and Waller speak

Notable Earnings

Premarket: ENB, WULF, FLR, WEN

Postmarket: None

Premarket Tomorrow: None

Postmarket Tomorrow: None

Upgrades/Downgrades

• CFRA upgrades McDonald’s (MCD) to Buy from Hold
• Daiwa upgrades Qualcomm (QCOM) to Outperform from Neutral
• Jefferies upgrades Devon Energy (DVN) to Buy From Hold
• DZ Bank downgrades Qualcomm (QCOM) to Hold from Buy
• Wells Fargo downgrades Nike (NKE) to Equal Weight from Overweight
• Oppenheimer downgrades Trade Desk to Perform from Outperform

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.

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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.