U.S. stock futures are mixed in premarket trading as investors attempt to extend yesterday’s broad-based rally.

The moves come as tech stocks led Thursday’s gains after the Fed raised interest rates by 25 basis points Wednesday. The major averages are mostly lower this week with the Nasdaq-100 (NDX) being the outlier with gains of about 0.3% so far.

Investor focus today will be on oil prices, which are down for the third straight session and are off roughly 4% this week. Traders will also watch industrial production data, Fed commentary and potential volatility due to Quadruple Witching options and futures contract expirations.

Snapshot

• Oil (/CL) – Oil futures are down 1.02% to $96.11 per barrel - Active Contract Roll
• Gold (/GC) – Gold futures are up 0.47% to 4,420 per ounce
• Bitcoin (/BTC) – The cryptocurrency futures are up 2.08% to 78,200
• VIX (/VIX) – The CBOE Volatility Index is down 0.45% to 15.37
• U.S. Dollar ($DXY) – The dollar index is up 0.22% to 100.468

Big Premarket Movers

Advancers:

• Robinhood Markets (HOOD) +2.50%
• Alphabet (GOOGL) +2.46%
• Alphabet (GOOG) +2.41%
• Corning (GLW) +1.83%
• Lumentum Holdings (LITE) +1.75%

Decliners:

• Netflix (NFLX) -3.00%
• Steel Dynamics (STLD) -1.37%
• Nucor (NUE) -0.81%
• AT&T (T) -0.63%
• Verizon Communications (VZ) -0.58%

Economic Data (ET)

• 9:15 AM: Industrial Production
• 9:30 AM: Fed’s Bowman Speaks
• 10:00 AM: Leading Economic Indicators
• 10:30 AM: Fed’s Schmid Speaks

Notable Earnings

• Premarket: N/A
• Postmarket: N/A
• Premarket Monday: N/A
• Postmarket Monday: N/A

Upgrades/Downgrades

• JPMorgan upgrades Tyson Foods (TSN) and Ball Corp. (BALL) from Neutral to Overweight
• BTIG upgrades Etsy (ETSY) from Neutral to Buy
• Rothschild & Co Redburn upgrades Southwest Airlines (LUV) from Sell to Neutral
• Baird upgrades Regions Financial (RF) from Underperform to Neutral
• Stifel upgrades Yeti Holdings (YETI) from Hold to Buy
• Citi upgrades StubHub (STUB) from Neutral to Buy
• Wells Fargo downgrades Netflix (NFLX) from Equal Weight to Underweight
• Guggenheim downgrades Accenture (ACN) from Buy to Neutral
• Jefferies downgrades Fluence Energy (FLNC) from Buy to Hold

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.