Equity indices are up in early trading, with Nasdaq 100 futures leading the way following significant declines across the board on Friday.

After weekend strikes and counterstrikes between Iran and Israel, news broke early Monday that Iran announced the end of military operations against Israel according to Iran’s state media via U.S. news outlets.

Marvell Technology (MRVL) will join the S&P 500 along with Flex (FLEX) on Jun. 22, replacing Pool Corp. (POOL) and The Campbell’s Company (CPB), which reports earnings today. It’s a relatively light day for economic data and earnings, but traders can look toward Casey’s General Stores (CASY) tomorrow.

Snapshot (as of 9 AM ET)

• Oil (/CL) – Oil prices are up more than 1% to $91.77
• Gold (/GC) – Gold futures are down 0.24% to 4,354.7
• Bitcoin (/BTC) – The cryptocurrency futures are up 4.2% to 63,090
• VIX – The CBOE Volatility Index is down roughly 3% to 18.70
• U.S. Dollar (/DX) – The dollar is down 0.16% to 99.90

Biggest Premarket Movers (as of 9 AM ET)

Advancers:

• Intel Corp (INTC) 9.02%
• Corning Inc (GLW) 8.96%
• Micron Technology Inc (MU) 8.25%
• Super Micro Computer (SMCI) 6.39%
• Coherent Corp (COHR) 5.52%

Decliners:

• GoDaddy Inc Class A (GDDY) -1.10%
• Allstate Corp (ALL) -1.06%
• The Coca-Cola Co (KO) -1.06%
• Walmart Inc (WMT) -0.94%
• Procter & Gamble Co (PG) -0.88%

Economic Data (ET)

11:00AM: Consumer Inflation Expectations (May)

Notable Earnings

Premarket: Trip.com Group Limited (TCOM), The Campbell’s Company (CPB)

Postmarket: Vail Resorts Inc (MTN)

Premarket Tuesday: The J. M. Smucker Company (SJM), SailPoint Inc (SAIL)

Postmarket Tuesday: Casey’s General Stores Inc (CASY)

Upgrades/Downgrades

• UBS upgrades Cummins (CMI) to Buy from Neutral
• Wedbush upgrades Cognizant (CTSH) to Outperform from Neutral
• Needham upgrades Biogen (BIIB) to Buy from Hold
• Keefe Bruyette downgrades Allstate (ALL) to Market Perform from Outperform
• Piper Sandler downgrades Centerspace (CSR) to Neutral from Overweight
• Goldman Sachs downgrades Ryan Specialty (RYAN) to Neutral from Buy

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.