U.S. stock futures are slightly lower ahead of the Wall Street open after rising for a second straight day on Thursday on easing geopolitical concerns. The major averages along with the small-cap Russell 2000 (RUT) rallied for a second session as investors were appeased by news of cooling trade tensions and geopolitical risk.

Stocks began their rebound on Wednesday after President Donald Trump called off his threatened tariffs on the imports of eight European nations, set to start Feb. 1.

Shares of Intel (INTC) are dumping 13% in premarket trading after the chipmaker reported a disappointing first-quarter outlook.

Investor focus will be on economic data, including Consumer Sentiment, along with earnings fallout ahead of a busy week of quarterly reports from major tech companies.

• Oil (/CL) – Oil prices are up over 1.5% near $60.30 a barrel after U.S. ‍President Donald Trump renewed threats against Iran, raising concerns of military action that could disrupt crude supplies while there are outages ‌in ‌Kazakhstan.

• Gold (/GC) – Gold Futures are up 0.5% near $4940 as investors booked profits after prices struck another record earlier this week driven by the uncertain geopolitical outlook.

• Bitcoin (/BTC) – The Crypto Future is down 0.2% near 89,300 in premarket trading.

• VIX – The CBOE Volatility Index was down 7.5% on Thursday and settled at 15.64 as stocks rose.

• U.S. Dollar (/DX) – The dollar is slightly lower around 98.1.

• Goldman Sachs upgrades Spotify (SPOT) to Buy from Neutral

• Deutsche Bank upgrades Applied Materials (AMAT) to Buy from Hold

• William Blair upgrades Starbucks (SBUX) to Outperform from Market Perform

• Bernstein downgrades Freeport-McMoRan (FCX) to Market Perform from Outperform

• Citizens downgrades The Trade Desk (TTD) to Market Perform from Outperform

• Deutsche Bank downgrades Sherwin-Williams (SHW) to Hold from Buy

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