Morning Market Snapshot : Stocks Lower Premarket, Microsoft Upgraded

Hey! I'd love to hear your thoughts, send me a voice note. U.S. stock futures experienced a slight premarket decline driven by persistent concerns over elevated oil prices and rising yields, following a mixed performance across major indexes the previous week. Despite a weaker-than-anticipated nonfarm payrolls report, equities managed to advance previously as market participants scaled back their expectations for an upcoming Federal Reserve rate hike. In commodity and currency markets, crude oil retreated due to increased global supplies, while gold, bitcoin, and the U.S. dollar all posted modest gains. Meanwhile, the broader financial landscape featured notable premarket movers, upcoming economic data releases, and a series of analyst upgrades and downgrades impacting various prominent equities. Snapshot Oil (/CL) – Oil prices are down 0.9% near $90.26 per barrel as rising Middle East crude exports and a release of oil stocks by the Group of Seven nations boosted supplies Gold (/GC) – Gold futures are up 0.43% near $4,180.60 per ounce Bitcoin (/BTC) – The Crypto Future is up 2% near 86,350 VIX – The CBOE Volatility Index is up 5.5% to 16.15 U.S. Dollar ($DXY) – The dollar index is up 0.28% to 102.17 Big Premarket Movers Symbol Product Mark % Change (Advancers) PTC PTC INC 36.00% VST VISTRA CORP 4.09% ADSK AUTODESK INC 3.77% COIN COINBASE GLOBAL INC 2.63% EL LAUDER ESTEE COMPANIES INC 2.59% Symbol Product Mark % Change (Decliners) CHRW C H ROBINSON WORLDWIDE INC -5.31% INTC INTEL CORP -4.04% AMD ADVANCED MICRO DEVICES INC -1.06% KLAC KLA CORP -0.80% TER TERADYNE INC -0.68% Economic Data (ET) Time Event 9:45 AM PMI Composite – Final 10:00 AM ISM Services Index 11:30 AM 3 and 6-Month Bill Auctions Upgrades: Melius Research upgrades Microsoft (MSFT) from Hold to Buy BofA upgrades DraftKings (DKNG) from Neutral to Buy Barclays upgrades Estee Lauder (EL) from Equal Weight to Overweight Morgan Stanley upgrades Wells Fargo (WFC) from Equal Weight to Overweight Evercore ISI upgrades Texas Roadhouse (TXRH) from In Line to Outperform Citi upgrades Harley-Davidson (HOG) from Neutral to Buy JPMorgan upgrades Ryder (R) from Neutral to Overweight Downgrades: Evercore ISI downgrades Align Technology (ALGN) from Outperform to In Line Raymond James downgrades HubSpot (HUBS) from Outperform to Market Perform RBC Capital downgrades Mosaic (MOS) from Outperform to Sector Perform Morgan Stanley downgrades AutoNation (AN) from Overweight to Equal Weight, and Group 1 Automotive (GPI) from Equal Weight to Underweight UBS downgrades O-I Glass (OI) from Buy to Neutral