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Markets Edge Higher with Eyes on NVIDIA, Oil
Rick Ducat, CMT
May 18, 2026
Stock futures are pointing higher to kick off the week, with S&P futures up about 0.25%.
Oil prices reversed course, moving lower. The White House announced that the U.S. and China have struck deals for China to buy American soybeans and address rare earth mineral shortages in the U.S.
The king of the market – Nvidia (NVDA) – will report its quarterly results on Wednesday. Today is light on earnings, with China’s Baidu (BIDU) among the only notable companies reporting results.
Today’s economic data includes the New York Fed Services Activity Index.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil futures are down -0.32% per barrel
Gold (/GC) – Gold is up 0.05% per ounce
Bitcoin (/BTC) – The cryptocurrency’s futures are down -2.35%
VIX – CBOE Volatility Index futures are down 1.65%
U.S. Dollar (/DX) – U.S. Dollar Index futures are -0.21%
Biggest Premarket Movers (as of 7 AM ET)
Symbol | Product | Mark % Change (Winners) |
|---|---|---|
D | DOMINION ENERGY INC | 15.05% |
F | FORD MTR CO DEL | 6.57% |
NOW | SERVICENOW INC | 5.36% |
FFIV | F5 INC | 4.32% |
SATS | ECHOSTAR CORP Class A | 3.04% |
Symbol | Product | Mark % Change (Losers) |
|---|---|---|
REGN | REGENERON PHARMACEUT | -11.24% |
UNH | UNITEDHEALTH GROUP I | -3.77% |
LITE | LUMENTUM HLDGS INC | -3.27% |
COHR | COHERENT CORP | -2.74% |
UPS | UNITED PARCEL SVC IN Class B | -1.65% |
Economic Data
Time (ET) | Event |
|---|---|
8:30 AM | Fed Venable Speech |
8:30 AM | NY Fed Services Activity Index MAY |
10:00 AM | NAHB Housing Market Index MAY |
11:30 AM | 3-Month Bill Auction |
11:30 AM | 6-Month Bill Auction |
4:00 PM | Net Long-term TIC Flows MAR |
4:00 PM | Foreign Bond Investment MAR |
4:00 PM | Overall Net Capital Flows MAR |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
BIDU | None | HD | KEYS, TOL, CAVA, RRGB |
Upgrades/Downgrades
Wells Fargo upgrades ADP to Equal Weight from Underweight
Morgan Stanley upgrades Lam Research to Overweight from Equal Weight
H.C. Wainwright upgrades Circle Internet to Buy from Neutral
Morgan Stanley downgrades Applied Materials to Equal Weight from Overweight
Leerink downgrades Regeneron to Neutral from Buy
DA Davidson downgrades CoreWeave to Neutral from Buy
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