Stock Futures Poised For a Big Bounce Back

Looking to bounce back from last Friday's sharp losses, stock futures are firmly higher this morning. Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are up triple digits, while S&P 500 Index (SPX) futures sit comfortably in the black. Investors are gearing up for what is historically a weak couple of months for the market. In the meantime, there are plenty of corporate earnings to unpack this morning, and factory orders due out at 10 a.m. ET. 

Continue reading for more on today's market, including:

• Keep your earnings season expectations in check.
• Catch up on last week's major headlines and earnings.
• Plus, two stocks moving after earnings, and Spotify looks to raise prices. 

5 Things You Need to Know Today

1. The Cboe Options Exchange (CBOE) saw over 2.6 million call contracts and more than 1.9 million put contracts traded on Friday. The single-session equity put/call ratio came in at 0.75, while the 21-day moving average remained at 0.59.
2. Chip stock ON Semiconductor Corp (NASDAQ:ON) is down 5% premarket, after the company missed second-quarter earnings and revenue expectations. Though ON has been chopping higher since its early-April lows, it's still sporting a 10% year-to-date deficit coming into today. 
3. Wayfair Inc (NYSE:W) is up 10.2% in electronic trading, after the retailer's stellar second-quarter earnings report, which included its largest revenue growth since 2021. Should these gains hold, W will be trading at its highest levels since May 2024. Heading into today, Wayfair stock is up 47.2% in 2025. 
4. Spotify Technology SA (NYSE:SPOT) stock is up 5.2% before the bell, after the streaming name announced it was raising premium subscription prices. This comes just after last week's disappointing earnings report. SPOT is up 40% in 2025, with long-term support at the 140-day moving average containing last week's pullback. 
5. This week will bring plenty more earnings, as well as a handful of economic data.

Overseas Markets Mostly Higher as Well

Markets in Asia finished the day higher, with the exception of Japan’s Nikkei, which was dragged 1.3% lower as investors eyed tariff and jobs updates out of the U.S. Hong Kong’s Hang Seng and South Korea’s Kospi both rose 0.9%, while China’s Shanghai Composite added 0.7%.

European stocks are enjoying healthy gains, with focus on the U.K. Supreme Court ruling on a finance loan case, which is pushing the banking sector significantly higher. In response, London’s FTSE 100 is 0.5% higher, Germany’s DAX is up 1.4%, and France’s CAC 40 has added 0.9% at last check.