S&P 500 and Nasdaq-100 low .highlighting upgrades and downgrades for various prominent corporate equities.

Hey! I'd love to hear your thoughts, send me a voice note. Following a session where the S&P 500 and Nasdaq-100 achieved record highs driven by strong technology shares, U.S. stock futures declined ahead of the opening bell. This downward pressure stems from rising Treasury yields crossing 5.3% alongside climbing oil prices nearing $90 per barrel due to potential Middle Eastern supply concerns. Across broader financial markets, gold and Bitcoin experienced decreases, while the U.S. dollar and the volatility index both advanced. Market participants are closely monitoring these macro indicators alongside upcoming economic data, specifically anticipating the release of the September FOMC meeting minutes. Additionally, the premarket landscape featured numerous analyst adjustments, highlighting upgrades and downgrades for various prominent corporate equities. Oil (/CL) – Oil futures are up about 0.5% to near $90 per barrel Gold (/GC) – Gold futures are down about 1% to $4,143 per ounce Bitcoin (/BTC) – The cryptocurrency futures are down about 2.5% to near 83,740 VIX (/VIX) – The CBOE Volatility Index is up about 5.7% near 15.80 U.S. Dollar ($DXY) – The dollar index is up 0.53% to 102.375 Upgrades/Downgrades Upgrades: TD Cowen upgrades Marvell Technology (MRVL) from Hold to Buy Evercore ISI upgrades NetApp (NTAP) from In Line to Outperform Citi upgrades Flutter Entertainment (FLUT) from Neutral to Buy BNP Paribas upgrades Kroger (KR) from Neutral to Outperform Citi upgrades XPO (XPO) from Neutral to Buy Cantor Fitzgerald upgrades Humana (HUM) from Neutral to Overweight KeyBanc upgrades Corteva (CTVA) from Sector Weight to Overweight Keefe Bruyette upgrades Moelis (MC) from Market Perform to Outperform UBS upgrades Moelis (MC) from Sell to Neutral HSBC upgrades Allstate (ALL) from Hold to Buy Downgrades: RBC Capital downgrades Owens Corning (OC) and Builders FirstSource (BLDR) from Outperform to Sector Perform, and Mohawk Industries (MHK)from Sector Perform to Underperform