Triple Witching Friday is off to a quiet start, with stock futures little changed after markets grinded out new highs yesterday.

Nvidia (NVDA) spent more than $900 million on a deal with the artificial intelligence startup Enfabrica to hire its CEO and other employees as well as license its technology.

Meanwhile, FedEx (FDX) is up more than 1.5% after earnings, as the shipping giant brought back its 2026 guidance after choosing to not give a full-year outlook during its last report.

The docket for earnings and ecodata is light today, so looking ahead to next week traders have the Chicago Fed National Activity Index on Monday, while the next notable earnings are on Tuesday, Sept. 23 with Micron Technology (MU) and AutoZone (AZO).

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down 0.4% to just above $63.
• Gold (/GC) – Gold futures are flat near $3,680 after yesterday’s -0.44% decline.
• Bitcoin (/BTC) – The cryptocurrency futures are down about -1% near 116,560, reversing much of yesterday’s +1.7% rally.
• VIX – Volatility remains muted, with the VIX closing at 15.7, almost unchanged from the previous day.
• U.S. Dollar (/DX) – The greenback is up +0.4% around 97.3, continuing a two-day rally after hitting 52-week low.

Biggest Premarket Movers (Mark % Change as of 7:15 AM ET)

1. Albemarle (ALB): +1.64%
2. Fortinet (FTNT): +1.49%
3. Apple (AAPL): +1.19%

1. Micron (MU): -2.76%
2. Lennar (LEN): -2.57%
3. D.R. Horton (DHI): -1.00%

Economic Data

• All Day: Triple Witching
• 1:00PM ET: Baker Hughes Rig Count
• 2:30PM ET: Fed’s Daly Speaks

Notable Earnings

• Premarket: None
• Postmarket: None
• Premarket Monday: None
• Postmarket Monday: None

Upgrades/Downgrades

• Baird upgrades Tesla (TSLA) to Outperform from Neutral
• Benchmark upgrades Intel (INTC) to Buy from Hold
• Berenberg upgrades Stellantis (STLA) to Buy from Hold
• Citi downgrades Intel (INTC) to Sell from Neutral
• BMO Capital downgrades UPS (UPS) to Market Perform from Outperform
• Piper Sandler downgrades MetLife (MET) to Neutral from Overweight

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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.