PYPL, UPS Rally on Earnings, Fed Meeting Begins

Author

Tom White
October 28, 2025

U.S. stock futures are relatively flat ahead of the Wall Street open following a big rally to record highs to start the week.

All of the major indices closed at record highs on Monday as investors cheered cooling tensions between the U.S. and China ahead of a highly-anticipated meeting between President Donald Trump and China President Xi Jinping on Thursday.

Earnings will be in focus today with rallies in UPS and PayPal (PYPL) after their quarterly reports. Investors will also focus on the Fed meeting, which begins today, along with more positive trade news with Japan ahead of the China discussions.

Morning Movers

Snapshot (as of 7 AM ET)

  • Oil (/CL) – Oil prices are down 1.5% near $60.50 a barrel, extending falls from the two previous sessions, as pressure from plans by OPEC to boost output offset optimism over a potential U.S.-China trade deal.

  • Gold (/GC) – Gold prices are down another 2% near $3930 and remain below the $4,000-per-ounce level as a firming dollar and expectations of a thaw in U.S.-China trade tensions.

  • Bitcoin (/BTC) – The Crypto Future is down 0.4% near 114,600 in premarket trading.

  • VIX – The CBOE Volatility Index fell 3.5% on Monday and settled at 15.79 as stocks rallied to record highs.

  • U.S. Dollar (/DX) – The dollar is basically flat at 98.5.

Biggest Premarket Movers

Symbol

Product

Mark % Change (as of 7 AM ET)

SWKS

Skyworks

+15.64%

PYPL

PayPal

+14.32%

UPS

UPS

+10.13%

FFIV

F5

-9.44%

ARE

Alexandria Real Estate

-8.57%

RCL

Royal Caribbean

-7.46%

Economic Data

Time

Event

9:00 AM ET

Case-Shiller Home Price Index

10:00 AM ET

Consumer Confidence

Richmond Fed Mfg. Index

1:00 PM ET

7-Year Note Auction

Notable Earnings

Premarket

Postmarket

Premarket Tomorrow

Postmarket Tomorrow

AOS, ALKS, AMT, ATI, CARR, CX, GLW, DHI, GPI, HRI, HUBB, INCY, JBLU, NEE, NUE, PYPL, PII, REGN, RCL, SHW, SOFI, SYY, THC, UPS, UNH, VFC, W, ZBRA

BE, BKNG, CZR, CWH, CAKE, CSGP, EA, ENPH, EXE, FLS, LOGI, MDLZ, OKE, PPG, RRC, STX, TER, V 

AER, AEP, ADP, AVT, BLCO, BA, EAT, CAT, CNC, CTSH, CVS, DAN, EQNR, ETSY, FI, FTV, GRMN, GEHC, GNRC, GSK, KHC, MAS, OSK, OTIS, PSX, REYN, UBS, VZ, WSO

AEM, ALGN, GOOGL, BHC, BOOT, CHRW, CP, CVNA, CMG, DVA, EBAY, FMC, KLAC, META, MGM, MSFT, MC, PRU, PSA, ROL, NOW, SFM, SBUX, TDOC, RIG, WEX, WOLF

Upgrades/Downgrades

  • Arete upgrades CrowdStrike (CRWD) to Buy from Neutral

  • Clear Street upgrades Core Scientific (CORZ) to Buy from Hold

  • Arete upgrades Fox Corp. (FOXA) to Buy from Neutral

  • Seaport Research downgrades Boot Barn (BOOT) to Neutral from Buy

  • Wells Fargo downgrades Intellia Therapeutics (NTLA) to Equal Weight from Overweight

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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.