Futures on the Dow Jones Industrial Average (DJIA) are up 71 points ahead of the open, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) edge higher as well, moving toward record highs once again. Chip stocks are in focus, after Nvidia (NVDA) and Advanced Micro Devices (AMD) agreed to pay the U.S. a portion of their revenues from certain chips sold in China. Stocks related to cryptocurrencies are getting a halo lift from Bitcoin (BTC) and Ethereum (ETH) this morning, with the former earlier reaching $122,000 and the latter crossing $4,000 last night.
Continue reading for more on today's market, including:
- See everything you missed: a quick recap of the market last week.
- SoundHound stock had a big day on Friday.
- Plus, lithium stock on the move; AMC earnings; and a triple play for Micron.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw over 1 million call contracts and more than 1.2 million put contracts traded on Friday. The single-session equity put/call ratio came in at 1.20, while the 21-day moving average rose to 0.59.
- Albemarle Corp (NYSE:ALB) is enjoying the lithium sector rally, after China-based Contemporary Amperex halted production at one of its mines. The stock is up 10.5% premarket, looking to cut into a portion of its 12.5% year-to-date deficit.
- Shares of AMC Entertainment Holdings Inc (NYSE:AMC) are up 7.5% before the bell, after the movie theater name's better-than-expected second-quarter results, which included a 36% rise in revenue. Heading into today, the shares are down 26.4% in 2025, with long-term pressure at the 320-day moving average still lingering above.
- Micron Technology Inc (NASDAQ:MU) stock is up 5.5% in electronic trading, after the semiconductor company lifted its current-quarter earnings and revenue guidance on improved prices. Ahead of today's trading, MU is up 41.3% year to date.
- There are plenty more earnings reports due out next week, as well as inflation data.
Asian Markets Steady in Face of Tariff Deadline
Asian markets finished mostly higher today, with Japan’s Nikkei closed for Mountain Day holiday. Hong Kong’s Hang Seng rose 0.2%, boosted by vaccine manufacturer Ab&B Bio-Tech’s stellar market debut, which sent its shares surging upwards of 150%. China’s Shanghai Composite added 0.3%, though uncertainty over whether the U.S.-China tariff deadline will be extended threatened to make these gains short-lived. Elsewhere, South Korea’s Kospi slid 0.1% after leaders, alongside Vietnam, announced an ambitious plan to double bilateral trade to $150 billion by 2030.
In Europe, markets are off to a mixed start. London’s FTSE 100 is up 0.3%, led by healthcare and consumer stocks, while France’s CAC 40 is down 0.2%. Germany’s DAX is flat as its defense sector continues to feel the impact of the country’s suspension of arms exports to Israel.
