Markets are higher as October’s final trading day begins with S&P Futures (/ES) up +0.90% and Nasdaq futures (/NQ) up +1.49% as traders digest major earnings events and the aftermath of the Fed’s rate cut decision earlier this week.

Amazon (AMZN) is soaring more than +12% after showing surprise cloud revenue in yesterday’s earnings. Meanwhile, Apple (AAPL) is up about +2% after showing positive outlook for its iPhone 17 holiday demand.

Today’s economic data will bring Chicago PMI, while earnings from Exxon (XOM) and Chevron (CVX) will close out the month. Next week, look for earnings from Palantir (PLTR) and On Semiconductor (ON) on Monday.

Snapshot (as of 7 AM ET)

• Oil (/CL) – Oil prices are down -0.4% to around $60.30.
• Gold (/GC) – Gold futures are up +0.1% and trading near 4,020 after yesterday’s +2.4% rally.
• Bitcoin (/BTC) – The crypto futures are up +4% at around 110,190, on pace to break a three-day losing streak after losing -3.6% yesterday.
• VIX – The VIX closed at 16.91 yesterday, almost unchanged as volatility remains subdued.
• U.S. Dollar (/DX) – The greenback is up +0.07% at about 99.42 on the heels of yesterday’s +0.4% move.

Biggest Premarket Movers (Mark % Change as of 7:30 AM ET)

1. Amazon (AMZN): +13.17%
2. Western Digital (WDC): +10.77%
3. LyondellBasell (LYB): +4.27%

1. Dexcom (DXCM): -11.67%
2. Charter Communications (CHTR): -3.86%
3. Arthur J. Gallagher (AJG): -3.45%

Economic Data

• 9:30 AM ET: Fed’s Logan Speaks
• 9:45 AM ET: Chicago PMI
• 12:00 PM ET: Fed’s Bostic Speaks
• 1:00 PM ET: Baker Hughes Rig Count

Notable Earnings

• Premarket: ABBV, AON, CNI, CG, CBOE, CHTR, CVX, CHD, D, XOM, IMO, LEA, LYB, NWL, TROW
• Postmarket: None
• Premarket Monday: BRK/B, ON, FUBO, PEG, PNW, CNA
• Postmarket Monday: PLTR, HIMS, CLX, GT, FANG, VRTX, EXAS, QRVO, RNG, UPWK, PGR, SPG

Upgrades/Downgrades

• Goldman Sachs upgrades Roblox (RBLX) to Buy from Neutral
• Stifel upgrades Idexx Labs (IDXX) to Buy from Hold
• Piper Sandler upgrades Hershey (HSY) to Neutral from Underweight
• Goldman Sachs downgrades Comcast (CMCSA) to Neutral from Buy
• Benchmark downgrades Roblox (RBLX) to Hold from Buy
• Raymond James downgrades Lumentum (LITE) to Outperform from Strong Buy

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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.