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Equity Futures Mixed as Oil Prices Rise
Rick Ducat, CMT
May 11, 2026
Equity markets are mixed with crude oil futures jumping +3% to begin the trading week after President Trump rejected Iran’s response to a proposed peace plan, leaving the critical oil transit route through the Strait of Hormuz effectively closed.
The S&P 500 (/ES) and Russell 2000 (/RTY) futures are headed lower, but Nasdaq 100 futures are showing slight gains.
Ecodata is light to start the week, with Existing Home Sales as the only major figure to consider. Meanwhile, earnings include Oklo (OKLO), Constellation Energy (CEG), JD .com (JD), and Onon Holdings (ONON).
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are up +3.12% for the U.S. benchmark
Gold (/GC) – Gold futures are down -1%
Bitcoin (/BTC) – The cryptocurrency futures are up +1.19%
VIX – The CBOE Volatility Index has risen 5.7%
U.S. Dollar (/DX) – Dollar index futures are flat
Biggest Premarket Movers (as of 7 AM ET)
Symbol | Product | Mark % Change (Winners) |
|---|---|---|
MRNA | MODERNA INC | 8.65% |
QCOM | QUALCOMM INC | 6.25% |
MU | MICRON TECHNOLOGY IN | 5.58% |
INTC | INTEL CORP | 5.56% |
LITE | LUMENTUM HLDGS INC | 5.28% |
Symbol | Product | Mark % Change (Losers) |
|---|---|---|
MOS | THE MOSAIC CO | -5.36% |
APP | APPLOVIN CORP Class A | -2.15% |
PLTR | PALANTIR TECHNOLOGIE Class A | -1.97% |
TTD | THE TRADE DESK INC Class A | -1.91% |
ORCL | ORACLE CORP | -1.76% |
Economic Data
Time (ET) | Event |
|---|---|
10:00 AM | Existing Home Sales APR |
10:00 AM | Existing Home Sales MoM APR |
10:20 AM | NY Fed Bill Purchases 1 to 4 months |
11:30 AM | 3-Month Bill Auction |
11:30 AM | 6-Month Bill Auction |
1:00 PM | 3-Year Note Auction |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
CEG, B, FOX, MOS, MNDY | SPG, ASTS, STE, RGTI, HIMS, MARA, ACHR, PLUG | SE, JD, ONON, TME | OKLO |
Upgrades/Downgrades
Macquarie upgrades News Corp to Outperform from Neutral
Mizuho upgrades Primoris to Outperform from Neutral
Raymond James upgrades Terex to Strong Buy from Outperform
UBS downgrades Dell Technologies to Neutral from Buy
HSBC downgrades Trade Desk to Reduce from Hold
BNP Paribas downgrades HubSpot to Neutral from Outperform
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