Morning Watchlist: Markets Awaiting Results from Trade Talks

U.S. stock futures are relatively flat in the premarket as a second day of talks between the Trump administration and China got underway. Monday’s meeting came with no clear details on the discussions but American officials had sounded optimistic that the two sides could ease tensions over shipments of technology and rare earth elements. Apple (AAPL) shares fell 1.2% on Monday after kicking off its World-wide Developers Conference with an operating system refresh but little in the way of AI. The is no economic data due today so investor focus will be on any outcomes in the China – U.S. trade talks.

Morning Movers

Snapshot (as of 7 AM ET)

  • Oil (/CL)Oil prices are up 0.5% near $65.60, 2-month highs, as markets waited for the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand.

  • Gold (/GC) Gold is flat near $3360 as market participants awaited further developments from ongoing U.S.-China trade talks in London, with negotiations extending into a second day.

  • Bitcoin (/BTC)The Crypto Future is up 0.7% just below 110K in the premarket.

  • VIX The CBOE Volatility Index was up 2.3% on Monday and settled at 17.16 as stocks were mostly higher.

  • U.S. Dollar (/DX) – The Dollar Index is flat at 98.98

Biggest Premarket Movers

Symbol

Product

Mark % Change (as of 7 AM ET)

TSLA

Tesla

+2.12%

ENPH

Enphase Energy

+1.71%

FSLR

First Solar

+1.43%

MCD

McDonald’s Corp

-1.11%

PLTR

Palantir Technologies

-1.11%

DPZ

Dominos Pizza

-0.61%

Economic Data

Time

Event

6:00 AM ET

NFIB Small Business Optimism Index 

1:00 PM ET

3-Year Note Auction 

Notable Earnings

Premarket

Postmarket

Premarket Wednesday

Postmarket Wednesday

ASO, CNM, DBI, SJM, UNFI

PLAY, GME, GTLB, PETS, SFIX

CHWY, CGNT, SAIL, VSCO

ORCL, OXM

Upgrades/Downgrades

  • Redburn Atlantic upgrades Yum! Brands (YUM) to Buy from Neutral

  • Mizuho upgrades Macerich (MAC) to Outperform from Neutral

  • Redburn Atlantic downgrades Macdonald’s (MCD) to Sell from Buy

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