- Schwab Network Morning Watchlist
- Posts
- Markets Point to Lower Open as Oil Spikes
Markets Point to Lower Open as Oil Spikes
Rick Ducat, CMT
May 15, 2026
Markets are pointing toward a lower open to close out the week, with the tech-heavy Nasdaq 100 futures (/NQ) show a more than -1.3% loss in early trading.
Oil prices are higher after President Trump said China has agreed to buy oil from the U.S. but details of any such deal are unclear. Bond yields are moving higher sending gold (/GC) down -2.5%, as inflation fears mount and the prospect of interest rate cuts gets more difficult. Applied Materials (AMAT) is little changed despite strong earnings
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil futures are higher up +3.21% to $100.02
Gold (/GC) – Gold futures are lower -2.8% to $4,560.20
Bitcoin (/BTC) – The cryptocurrency is lower -1.34% to 80,515
VIX – The CBOE Volatility Index futures are higher
U.S. Dollar (/DX) – U.S. Dollar Index futures are higher
Biggest Premarket Movers (as of 7 AM ET)
Symbol | Product | Mark % Change (Winners) |
|---|---|---|
DXCM | DEXCOM INC | +5.52% |
NOW | SERVICENOW INC | +1.56% |
FE | FIRSTENERGY CORP | +1.46% |
CHRW | C H ROBINSON WORLDWIDE INC | +0.79% |
INTU | INTUIT INC | +0.67% |
Symbol | Product | Mark % Change (Losers) |
|---|---|---|
COHR | COHERENT CORP | -4.97% |
FCX | FREEPORT-MCMORAN INC | -4.75% |
INTC | INTEL CORP | -4.60% |
GLW | CORNING INC | -4.39% |
LITE | LUMENTUM HOLDINGS INC | -3.93% |
Economic Data
Time (ET) | Event |
|---|---|
8:30 AM | NY Empire State Manufacturing Index MAY |
9:15 AM | Industrial Production MoM APR |
1:00 PM | Baker Hughes Oil Rig Count MAY/15 |
Notable Earnings
Premarket | Postmarket | Premarket Monday | Postmarket Monday |
|---|---|---|---|
None | None | BIDU, IQ | None |
Upgrades/Downgrades
HSBC upgrades Cisco to Buy from Hold
Raymond James upgrades Arista Networks to Outperform from Market Perform
TD Cowen upgrades FirstEnergy to Buy from Hold
BWG Global downgrades Workday to Negative from Mixed
JPMorgan downgrades Allegion to Neutral from Overweight
CFRA downgrades Amdocs to Sell from Hold
Tune in live from 8 a.m. to 5 p.m. ET, or anytime, anywhere, on‑demand.
Or stream it via thinkorswim® and thinkorswim Mobile, available through our broker-dealer affiliate, Charles Schwab & Co., Inc
Please do not reply to this email. Replies are not delivered to Schwab Network. For inquiries or comments, please email [email protected].
See how your information is protected with our privacy statement.
This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.
Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.
Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.
Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.