Markets are modestly up in early trading, with S&P futures (/ES) up about +0.1% as investors look toward two major potential catalysts in today’s Jobs Report as well as a potential Supreme Court ruling about the legality of the Trump administration’s tariff policies.

President Trump also made headlines for saying in a social media post that he directed $200B of purchasing mortgage bonds with few other details, and additionally for canceling a second round of attacks on Venezuela after saying their cooperation has improved in terms of rebuilding oil & gas infrastructure.

Meta Platforms (META) signed a deal to purchase 6-plus gigawatts of electricity from Vistra (VST) and to support future reactors from Oklo (OKLO).

Earnings season kicks off again next week, with notable names including Taiwan Semiconductor (TSM), JPMorgan Chase (JPM), and Delta Airlines (DAL).

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are up 0.7% to around $58.20.
• Gold (/GC) – Gold futures are up about +0.5% near 4,480 as price continues to drift sideways after yesterday’s +0.46%.
• Bitcoin (/BTC) – Bitcoin futures are down -0.6% at around 90,545, slumping after a +0.22% increase yesterday.
• VIX – The VIX closed at 15.45 yesterday, falling from its highs of 15.85 but still finishing above its previous close of 15.38.
• U.S. Dollar (/DX) – The dollar is rising about +0.1% at about 98.80, continuing a three-day win streak.

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

1. Vistra (VST): +14.21%
2. Constellation Energy (CEG): +4.79%
3. Southwest Airlines (LUV): +3.22%
4. NRG Energy (NRG): +2.42%
5. Intel (INTC): +2.34%

1. General Motors (GM): -1.91%
2. Qualcomm (QCOM): -1.38%
3. Metlife (MET): -1.09%
4. Zimmer Biomet (ZBH): -1.00%
5. Steel Dynamics (STLD): -0.85%

Economic Data

• 8:30 AM ET: Employment Situation, Housing Starts & Permits
• 10:00 AM ET: Consumer Sentiment, Fed’s Kashkari Speaks
• 1:35 PM ET: Fed’s Barkin Speaks

Notable Earnings

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

Upgrades/Downgrades

• Berenberg upgrades CrowdStrike (CRWD) to Buy from Hold
• Truist upgrades Lockheed Martin (LMT) to Buy from Hold
• UBS upgrades Altria (MO) to Buy from Neutral
• BMO Capital downgrades Adobe (ADBE) to Market Perform from Outperform
• Mizuho downgrades Qualcomm (QCOM) to Neutral from Outperform
• Baird downgrades GE Vernova (GEV) to Neutral 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.