Morning Watchlist: PCE in Focus, Tariff Headlines Continue

U.S. Stock Futures are slightly lower ahead of the Wall Street open after another choppy session on Thursday. Stocks have been under pressure at the tail end of the week as tariff headlines continues to create uncertainty for markets. Investor focus turns to personal income and outlays data today with expectations of the headline PCE price index reading rising 0.3% in February and 2.5% from 12 months earlier.

Morning Movers

Snapshot (as of 7 AM ET)

  • Oil (/CL) – Oil prices are flat just under $70.

  • Gold (/GC) – Gold is up three-quarters of a percent to $31K.

  • Bitcoin (/BTC) – The cryptocurrency is down over 2% to the $85K level.

  • VIX – The CBOE Volatility Index has risen to 19.

  • U.S. Dollar (/DX) – The dollar is flat around 104.

Biggest Premarket Movers

Symbol

Product

Mark % Change (as of 7 AM ET)

WRB

W.R. Berkley

+7.12%

SMCI

Super Micro Computer

+2.04%

TSLA

Tesla

+1.05%

LULU

Lululemon

-11.44%

DLTR

Dollar Tree

-1.14%

PLTR

Palantir

-0.89%

Economic Data

Time

Event

8:30AM ET

Personal Income/Outlays

10:00AM ET

Consumer Sentiment

12:15PM ET

Fed’s Barr Speaks

3:45PM ET

Fed’s Bostic Speaks

Earnings

Premarket

Postmarket

Premarket Monday

Postmarket Monday

None

None

None

PRGS, PVH

Upgrades/Downgrades

  • Jefferies upgrades Applied Materials (AMAT) to Buy from Hold

  • BMO Capital upgrades Check Point (CHKP) to Outperform from Market Perform

  • Barclays upgrades Ferrari (RACE) to Overweight from Equal Weight

  • Jefferies downgrades KLA Corp. (KLAC) to Hold from Buy

  • Raymond James downgrades Lululemon (LULU) to Market Perform from Outperform

  • BofA downgrades Schneider National (SNDR) to Neutral from Buy

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