diff --git a/eng/Version.Details.xml b/eng/Version.Details.xml
index e719edac9..d3ea9e920 100644
--- a/eng/Version.Details.xml
+++ b/eng/Version.Details.xml
@@ -75,13 +75,13 @@
       <Uri>https://github.com/dotnet/templating</Uri>
       <Sha>4c1a4ba9c52eccd5bf50e35426135cd835a2240a</Sha>
     </Dependency>
-    <Dependency Name="Microsoft.NET.Sdk" Version="5.0.100-preview.1.20120.5">
+    <Dependency Name="Microsoft.NET.Sdk" Version="5.0.100-preview.1.20124.4">
       <Uri>https://github.com/dotnet/sdk</Uri>
-      <Sha>d3c8b4ea11401837dfc9b1d128a908694de1a8b4</Sha>
+      <Sha>7acd75b9b92fff3b10743e96adfbb9efac7dbdf3</Sha>
     </Dependency>
-    <Dependency Name="Microsoft.DotNet.MSBuildSdkResolver" Version="5.0.100-preview.1.20120.5">
+    <Dependency Name="Microsoft.DotNet.MSBuildSdkResolver" Version="5.0.100-preview.1.20124.4">
       <Uri>https://github.com/dotnet/sdk</Uri>
-      <Sha>d3c8b4ea11401837dfc9b1d128a908694de1a8b4</Sha>
+      <Sha>7acd75b9b92fff3b10743e96adfbb9efac7dbdf3</Sha>
     </Dependency>
     <!-- For coherency purposes, these versions should be gated by the versions of winforms and wpf routed via windowsdesktop -->
     <Dependency Name="Microsoft.Dotnet.WinForms.ProjectTemplates" Version="5.0.0-preview.1.20120.6" CoherentParentDependency="Microsoft.WindowsDesktop.App.Runtime.win-x64">
diff --git a/eng/Versions.props b/eng/Versions.props
index a5bbe3005..a04f95215 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -50,14 +50,14 @@
   </PropertyGroup>
   <PropertyGroup>
     <!-- Dependencies from https://github.com/dotnet/cli -->
-    <MicrosoftDotNetMSBuildSdkResolverPackageVersion>5.0.100-preview.1.20120.5</MicrosoftDotNetMSBuildSdkResolverPackageVersion>
+    <MicrosoftDotNetMSBuildSdkResolverPackageVersion>5.0.100-preview.1.20124.4</MicrosoftDotNetMSBuildSdkResolverPackageVersion>
   </PropertyGroup>
   <PropertyGroup>
     <MicroBuildCorePackageVersion>0.2.0</MicroBuildCorePackageVersion>
   </PropertyGroup>
   <PropertyGroup>
     <!-- Dependencies from https://github.com/dotnet/sdk (to run tests) -->
-    <MicrosoftNETSdkPackageVersion>5.0.100-preview.1.20120.5</MicrosoftNETSdkPackageVersion>
+    <MicrosoftNETSdkPackageVersion>5.0.100-preview.1.20124.4</MicrosoftNETSdkPackageVersion>
     <MicrosoftNETBuildExtensionsPackageVersion>$(MicrosoftNETSdkPackageVersion)</MicrosoftNETBuildExtensionsPackageVersion>
   </PropertyGroup>
   <PropertyGroup>
diff --git a/global.json b/global.json
index 6a66b8d46..88130d68d 100644
--- a/global.json
+++ b/global.json
@@ -1,6 +1,11 @@
 {
   "tools": {
-    "dotnet": "5.0.100-alpha1-015949"
+    "dotnet": "5.0.100-preview.1.20119.7",
+    "runtimes": {
+      "dotnet": [
+        "$(MicrosoftNETCoreAppRuntimePackageVersion)"
+      ]
+    }
   },
   "msbuild-sdks": {
     "Microsoft.DotNet.Arcade.Sdk": "5.0.0-beta.20117.3"