After yesterday's market reversal, US equity futures are higher but lacking the strength seen in EU markets. As of 7:50am, S&P and Nasdaq futures are 0.2% higher, with Mag7 stocks mixed and Semis are higher despite NVDA down -63bps and MSFT flat with closely watched earnings after the close.  The yield curve is twisting steeper and 10Y yield is 1bps. The dollar is flat and commodities are lower across all 3 complexes. The macro data focus is on JOLTS and Consumer Confidence in what shapes up to be a quiet session ahead of a central bank bonanza that features the BOJ and the Fed tomorrow: both could impact the yield curve though no large moves are expected. The bond market is pricing no moves tomorrow for the Fed but is not pricing a small probability of a 50bps cut in Sept.

In premarket trading, CrowdStrike dropped 4% after a CNBC report about Delta Air Lines hiring attorney David Boies to seek potential damages from the cyber security company and Microsoft following the widespread outage earlier this month. JetBlue Airways gains 4% after saying it will cut $3 billion in capital spending through 2029 and planning other measures to boost pre-tax income by as much as $900 million. Here are some of the other most notable US movers before the opening bell: