Julie Morgan

Now for a check of the Catalyst watch.

FedEx will hold an Investor Day event to lay out multi-year strategy and financial targets.

Analysts note that the event has extra significance due to the upcoming separation of the freight business.

Alimentation CouchTard will issue its 2026 Business Strategy Update.

New York Fashion Week will kick off.

Ralph Lauren, PVH's Calvin Klein, Coach, and Michael Kors are some brands holding events.

The incoming Citigroup CFO will present at the Bank of America Securities Financial Services Conference.

And McDonald's will hold its earnings conference call post-market.

Analysts will be looking to see if any sales momentum is led by pricing or traffic gains.

Updates on menu innovation will also be closely watched.

Yum!

Brands is the restaurant stock that correlates the tightest to McDonald's, while supplier Lamb Weston trades in tandem with McDonald's 75% of the time after earnings.

On Wall Street, Dow, S&P and Nasdaq futures are in mixed territory.

Crude oil is up 1.3% at $64 a barrel.

Bitcoin is down 3% at $66,000.

Gold is up 0.9% at $50.70.

The FTSE 100 is up 0.4% and the DAX is little changed.

Mattel is on our list of the biggest movers of the day pre-market.

MAT is down 31% after the company posted a Q4 earnings miss despite sales rising 7% year-over-year.

And on today's economic calendar at 8.30 a.m., the employment situation.