Pinterest Inc (PINS) climbed over +3% in pre-market trading after Evercore ISI upgraded the stock to Outperform from In Line. In addition, Activision Blizzard Inc (ATVI) soared over +3% after a U.S. appeals court denied the Federal Trade Commission’s request to temporarily pause Microsoft’s (MSFT) planned $69 billion acquisition of the company. U.S. Treasury Secretary Janet Yellen expressed confidence on Monday that the U.S. is on a “good path” to reduce inflation without significant harm to the labor market, and she does not anticipate the U.S. economy entering a recession.