U.S. stock futures are slightly lower in premarket trading after a broad-based rally on Monday.

Equities rallied yesterday, led by tech, as traders piled into risk-on assets on optimism of an end to the government shutdown.

The Senate on Monday night passed a bill to fund the federal government through January and end the longest shutdown in U.S. history.

The bill, which passed 60-40 with support from a handful of Democratic senators and nearly all Republicans, will be sent to the House of Representatives. If it passes the House, the bill will head to President Donald Trump to be signed into law.

With little economic data due today, investor focus will remain on the end of the government shutdown along with earnings this week.  

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are up 0.5% and continue to consolidate near $60 a barrel, as oversupply concerns balanced uncertainty over the impact of the latest U.S. sanctions on Russian oil.
• Gold (/GC) – Gold prices are extending yesterday’s rally and are up 0.6% near $4140 to their highest in nearly three weeks. Gold is being supported by expectations a potential U.S. government reopening could restart the flow of U.S. economic data ahead of an expected Federal Reserve rate cut next month.
• Bitcoin (/BTC) – The Crypto Future is down over 1% near 105,000 in premarket trading.
• VIX – The CBOE Volatility Index fell 7.8% on Monday and settled at 17.60 as stocks rallied.
• U.S. Dollar (/DX) – The dollar is flat at 99.4.

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

1. Paramount Skydance (PSKY): +3.61%
2. Linde (LIN): +1.13%
3. Newmont (NEM): +0.84%

1. Nvidia (NVDA): -2.04%
2. Western Digital (WDC): -1.85%
3. Palantir (PLTR): -1.63%

Economic Data

• All Day: Veteran’s Day
• 6:00 AM ET: NFIB Small Business Optimism Index
• 10:25 AM ET: Fed’s Barr Speaks

Notable Earnings

• Premarket: DAVA, HSAI, NBIS, SE
• Postmarket: DOX, CAE, OKLO
• Premarket Tomorrow: CRCL, GFS, HUYA, HIS, JMIA, ONON, TME, TDG
• Postmarket Tomorrow: CSCO, FLUT, IBTA, KLC, MFC, PAAS, SERV

Upgrades/Downgrades

• Mizuho upgrades Skyworks (SWKS), Qorvo (QRVO) to Neutral from Underperform
• BMO Capital upgrades Instacart (CART) to Outperform from Market Perform
• JPMorgan upgrades ViaSat (VSAT) to Overweight from Neutral
• JPMorgan downgrades CoreWeave (CRWV) to Neutral from Overweight
• JPMorgan downgrades Mosaic (MOS) to Neutral from Overweight

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.