{"id":60622,"date":"2026-04-07T06:07:20","date_gmt":"2026-04-07T10:07:20","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-futures-edge-higher-as-cannabis-and-crypto-sectors-lead-premarket-gains\/60622\/"},"modified":"2026-04-07T06:07:20","modified_gmt":"2026-04-07T10:07:20","slug":"us-futures-edge-higher-as-cannabis-and-crypto-sectors-lead-premarket-gains","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-futures-edge-higher-as-cannabis-and-crypto-sectors-lead-premarket-gains\/60622\/","title":{"rendered":"US Futures Edge Higher as Cannabis and Crypto Sectors Lead Premarket Gains"},"content":{"rendered":"<h2>Market Overview: Futures Point to a Positive Open<\/h2>\n<p>On this Tuesday, April 7, 2026, U.S. stock futures are showing modest gains in <a href=\"https:\/\/stockmarketwatch.com\/markets\/pre-market\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading, suggesting a cautiously optimistic start to the session. Investors are navigating a landscape characterized by shifting sector rotations and anticipation of the upcoming first-quarter earnings season. As of the early morning hours, the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> Futures (<a href=\"\/stock\/ES=F\">ES=F<\/a>) are up 10.00 points, or 0.15%, trading at 6661.00. The tech-heavy Nasdaq Futures (<a href=\"\/stock\/NQ=F\">NQ=F<\/a>) have climbed 26.25 points, or 0.11%, to reach 24384.75, while the <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average Futures (<a href=\"\/stock\/YM=F\">YM=F<\/a>) lead the major averages with a gain of 91.00 points, or 0.19%, sitting at 46993.00.<\/p>\n<p>In the commodities space, Crude Oil Futures (<a href=\"\/stock\/CL=F\">CL=F<\/a>) are trading slightly higher at $112.57 per barrel, up 0.14%. <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a> Futures (<a href=\"\/stock\/GC=F\">GC=F<\/a>) are also seeing upward momentum, rising 0.29% to $4698.40, as some investors seek hedges against persistent inflationary pressures.<\/p>\n<h2>Sector Performance and Technical Trends<\/h2>\n<p>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/pre-market\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> session is being dominated by significant moves in the cannabis and cryptocurrency sectors. The AdvisorShares Pure US Cannabis ETF (<a href=\"\/stock\/MSOS\">MSOS<\/a>) is the standout performer, surging 6.23%. Technical analysis indicates a &quot;Bearish Squeeze Breakout,&quot; though traders are closely watching for a potential bearish reversal signal from the MACD.<\/p>\n<p>Digital assets are also seeing renewed interest. The iShares Bitcoin Trust (<a href=\"\/stock\/IBIT\">IBIT<\/a>) is up 2.84%, maintaining a bullish trend with support at the middle Bollinger Band. Similarly, the iShares Ethereum Trust (<a href=\"\/stock\/ETHA\">ETHA<\/a>) has gained 1.73%, with accelerating bullish momentum. Conversely, the solar and clean energy sectors are struggling; the Invesco Solar ETF (<a href=\"\/stock\/TAN\">TAN<\/a>) is down 1.26%, and the iShares Global Clean Energy ETF (<a href=\"\/stock\/ICLN\">ICLN<\/a>) has slipped 1.08% amid a developing Bollinger Squeeze.<\/p>\n<h2>Premarket Movers: Sky Quarry Soars<\/h2>\n<p>In individual stock news, Sky Quarry Inc. (<a href=\"\/stock\/SKYQ\">SKYQ<\/a>) has captured the market&#39;s attention with a massive premarket jump of 120.2%, trading at $5.57 on high volume. Other notable gainers include Cocrystal Pharma Inc. (<a href=\"\/stock\/COCP\">COCP<\/a>), up 66.7%, and TMD Energy Limited (<a href=\"\/stock\/TMDE\">TMDE<\/a>), which has risen 60.4%.<\/p>\n<p>On the losing side, Lipocine Inc. (<a href=\"\/stock\/LPCN\">LPCN<\/a>) has plummeted 77.5% to $2.08. PMGC Holdings Inc. (<a href=\"\/stock\/ELAB\">ELAB<\/a>) is down 62.7%, and Inovio Pharmaceuticals Inc. (<a href=\"\/stock\/INO\">INO<\/a>) has declined 23.0% following recent corporate updates.<\/p>\n<h2>Upcoming Earnings and Economic Events<\/h2>\n<p>While the economic calendar is relatively light today, the focus is shifting toward corporate health. After the market closes today, investors will parse results from Levi Strauss &amp; Co Class A (<a href=\"\/stock\/LEVI\">LEVI<\/a>), which is expected to report an EPS of $0.37. Other companies reporting this afternoon include Aehr Test Systems (<a href=\"\/stock\/AEHR\">AEHR<\/a>), Greenbrier Companies Inc. (<a href=\"\/stock\/GBX\">GBX<\/a>), and Phoenix Education Partners Inc. (<a href=\"\/stock\/PXED\">PXED<\/a>).<\/p>\n<p>Looking ahead to Wednesday, Delta Air Lines Inc. (<a href=\"\/stock\/DAL\">DAL<\/a>) will provide insight into the travel sector when it reports before the opening bell. The market is also bracing for the start of the big bank earnings next week, with heavyweights like JPMorgan Chase &amp; Co. (<a href=\"\/stock\/JPM\">JPM<\/a>), Goldman Sachs Group Inc. (<a href=\"\/stock\/GS\">GS<\/a>), and Citigroup Inc. (<a href=\"\/stock\/C\">C<\/a>) scheduled to release their Q1 2026 results. These reports will be critical in determining if the current index levels are supported by fundamental growth or if the Federal Reserve&#39;s &quot;higher-for-longer&quot; interest rate stance is beginning to weigh more heavily on corporate margins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: Futures Point to a Positive Open On this Tuesday, April 7, 2026, U.S. stock futures are showing modest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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