Equity index futures are slightly higher in early trading near their record highs as earnings season and economic data mostly continue to come in positively for the bulls, with S&P futures up +0.1%.

President Trump last night said he does not plan to fire Federal Reserve Chairman Jerome Powell despite recent tensions, while international interest rates are also in headlines today as BNP Paribas economists are no longer calling for a 25-basis point cut from the European Central Bank after comments from ECB Chief Christine Lagarde.

The beleaguered tech giant Intel (INTC) is moving lower once again after earnings, while the health insurer Centene (CNC) is also down sharply after a surprise quarterly loss.

For economic data, there is little on the docket other than Durable Goods to close out the week.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are up about 0.4% to $66.30.
• Gold (/GC) – Gold is down almost 1% to $3,343.
• Bitcoin (/BTC) – The crypto future is down 2% to $117.6K.
• VIX – The CBOE Volatility Index continues to fall and is currently around 15.3.
• U.S. Dollar (/DX) – The dollar is up almost 0.5% to 97.5.

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

1. Deckers Outdoor (DECK): +13.54%
2. Edwards Lifesciences (EW): +7.36%
3. Aon (AON): +2.95%

1. Centene (CNC): -14.24%
2. Charter Communications (CHTR): -8.16%
3. Intel (INTC): -7.51%

Economic Data

• 8:30AM ET: Durable Goods Orders
• 1:00PM ET: Baker Hughes Rig Count

Notable Earnings

• Premarket: AON, AN, BAH, CRI, CNC, CHTR, HCA, LEA, PSX, SAIA, TTE, VRTS
• Postmarket: None
• Premarket Monday: NGD, EPD, FMX, RITM, RVTY
• Postmarket Monday: CLS, WM, CDNS, NUE, TLRY, WHR, WELL, WU

Upgrades/Downgrades

• Needham upgrades Gilead Sciences (GILD) to Buy from Hold
• Jefferies upgrades Union Pacific (UNP) to Buy from Hold
• Wolfe Research upgrades Kinder Morgan (KMI) to Outperform from Peer Perform
• China Renaissance downgrades Tesla (TSLA) to Hold from Buy
• JPMorgan downgrades Procter & Gamble (PG) to Neutral from Overweight
• Phillip Securities downgrades Bank of America (BAC) to Accumulate from Buy

Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.

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.