U.S. stock futures are lower ahead of the Wall Street open as rising yields and higher oil prices hit sentiment.

The moves follow Monday’s modest losses for stocks, as oil prices climbed on uncertainty around a U.S.-Iran ceasefire that expired Monday. Rising yields are creating headwinds for stocks with the benchmark 10-Year near 4.74% and the 30-Year above 5.3%, its highest level since 2007.

On the corporate front, Home Depot (HD) shares are up over 1% after reporting earnings and revenue that beat expectations. CFO Richard McPhail said the company continues to “operate in ‘frozen housing market’ conditions, but we also know that we’re taking share and that we’re serving our customers better every day.”

Investor focus will remain on geopolitical tensions, rising oil and yields along with more earnings from the retail sector.

Snapshot (as of 8 AM ET)

• Oil (/CL) – Oil prices are up 0.8% near $84 a barrel
• Gold (/GC) – Gold futures are down 0.58% near $4,448.20
• Bitcoin (/BTC) – The Crypto Future is flat near 64,300
• VIX (/VIX) – The CBOE Volatility Index was up about 3% at 15.70
• U.S. Dollar ($DXY) – The dollar index is down -0.01% near 99.63

Big Premarket Movers (as of 8 AM ET)

Advancers

• Home Depot (HD) 1.35%
• Adobe (ADBE) 1.29%
• Netflix (NFLX) 1.04%
• Intuit (INTU) 1.01%
• Autodesk (ADSK) 1.00%

Decliners

• Lumentum Holdings (LITE) -5.77%
• Coherent (COHR) -5.56%
• Marvell Technology (MRVL) -5.30%
• Western Digital (WDC) -5.23%
• Seagate Technology Holdings (STX) -5.21%

Economic Data (ET)

• 8:30 AM: Housing Starts and Permits  
• 8:30 AM: Import and Export Prices 
• 9:15 AM: Industrial Production 
• 10:00 AM ET: Pending Home Sales
• 10:00 AM ET: E-Commerce Retail Sales 

Notable Earnings

• Premarket: AS, BIDU, HSAI, HD, IQ, KLAR, PONY, VNET
• Postmarket: SQM, JKHY, KEYS, LZB, TOL, ZTO
• Premarket Wednesday: ADI, KC, LOW, TGT, EL, TJX, VIK, WB, ZIM
• Postmarket Wednesday: BILL, COTY, NDSN, WOLF

Upgrades/Downgrades

• Daiwa upgrades Tapestry (TPR) To Outperform from Neutral
• Citi upgrades Bath & Body Works (BBWI) To Buy from Neutral
• DA Davidson upgrades Duolingo (DUOL) to Buy from Neutral
• Mizuho downgrades Norwegian Cruise Line (NCLH)
• Raymond James downgrades Abercrombie & Fitch (ANF) to Market Perform from Outperform
• Bank of America downgrades Autohome (ATHM) to Underperform from Neutral

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