Booking stock gained 2.3% in morning action, while Caterpillar shares jumped 4%. Fiserv plunged 28% in early trade as Neurocrine lost 1.7%. Seagate leaped nearly 7%, and Verizon rallied 3.4%. Finally, Visa stock edged up in premarket trading.

The Federal Reserve is widely expected to cut interest rates again on Wednesday by 0.25 percentage point.