Tesla (TSLA 109.60, +1.50, +1.4%) and Microsoft (MSFT 234.20, -5.38, -2.3%) are among the more influential stocks in premarket action. The former is higher on news that Cathie Wood (ARKK) purchased more shares of Tesla while the latter received a downgrade to Neutral from Buy at UBS.
Treasury yields continue to pullback. The 2-yr note yield is down four basis points to 4.33% and the 10-yr note yield is down 11 basis points to 3.68%.