According to CNBC, Brent crude rose to $92 a barrel after two tankers were reportedly struck in the Strait of Hormuz, while U.S. stock futures were lower across the board to start September. The note also said yields on the 10-year and 30-year Treasurys were climbing alongside crude prices. Among individual stocks, Robinhood was upgraded to buy from hold at Morgan Stanley, PG & E and Edison International were downgraded by Bank of America after California lawmakers advanced a wildfire bill, and Goldman Sachs added Vertex Pharmaceuticals and Viking Holdings to its U.S. conviction list. Citi raised its price target on Atlassian to $225 from $170 and put Howmet Aerospace on a 30-day upside catalyst watch after comments from Elon Musk, while Deutsche Bank initiated coverage of several AI hardware names and Bank of America lifted Microsoft's price target to $600 from $500.