Stocks were looking at continuing this week’s rally even as oil prices and interest rates were moving higher.

Futures trading suggests the Standard & Poor’s 500 Index will open higher by about 8 points, and the Nasdaq-100 Index was looking at a 75-point gain. Both indexes flirted with all-time highs on Tuesday when stocks enjoyed a stupendous rally. 

Futures trading in the Dow Jones Industrial Average suggest the blue chips will open down slightly. 

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Tesla  (TSLA)  shares were up 1% at $343.86 in premarket trading even as sales in Europe continued to slump. Tesla’s new-car registrations fell more than 40% in May, The Wall Street Journal reported, citing data from a European industry body.

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FedEx FDX shares were off 4.7% premarket to $218.75. The package delivery company projected a $170 million headwind this quarter from a change in tariff rules that sliced demand for packages shipped to the U.S. from China.

Crude oil was up 46 cents to $64.81 a barrel. Bond yields were up slightly, with the 10-year Treasury yield, a key determinant of mortgage rates at 4.324%.