Big Tech Recovery Sends Stock Futures Higher Midweek

Stock futures are moving higher this morning, with the Dow Jones Industrial Average (DJIA) and tech-heavy Nasdaq-100 Index (NDX) up triple digits. Big Tech continues to recover from its recent losses, with the latest boost to Nvidia (NVDA) stemming from supplier Foxconn's 17% year-over-year earnings increase. The U.S. government remains in limbo as the latest budget bill awaits a vote from the House of Representatives, which could end the longest-ever shutdown by Friday.

• Schaeffer's Senior Quantitative Analyst Rocky White looks at how a split could impact Netflix stock.
• 2 tech ETFs to buy on the dip before Thanksgiving.
• Plus, cybersecurity suffers downgrade; surging sneaker maker; and nuclear stock extending its tear up the charts.

5 Things You Need to Know Today

1. The Cboe Options Exchange saw 2.1 million call contracts and 1.5 million put contracts exchanged on Tuesday. The single-session equity put/call ratio rose to 0.70, while the 21-day moving average remained at 0.58.
2. Cybersecurity name Fortinet Inc (NASDAQ:FTNT) is down 0.2% before the bell, after the company suffered a downgrade to "neutral" from "outperform" and price-target cut to $80 from $86 at Daiwa Securities. FTNT has struggled on the charts, shedding 15% over the past 12 months.
3. On Holding AG (NYSE:ONON) stock is surging ahead of the open, up 17.1% after the footwear brand shared an earnings and revenue beat for the third quarter and raised its full-year outlook. ONON recently hit a Nov. 7, year-to-date low of $34.38, and is off 35% in 2025.
4. Nuclear tech giant Oklo Inc (NYSE:OKLO) is 3.8% higher this morning, brushing off a larger-than-anticipated third-quarter loss after the company noted it was making progress on its nuclear-fuel fabrication facility. OKLO has been on tear up the charts, tacking on 390% since the start of the year.
5. A handful of fed speeches are expected today.

Asian Markets Brush Off Tech Shakeup

Asian bourses were a resilient bunch today, shrugging off SoftBank's selloff, after the tech conglomerate sold its entire NVDA stake for $5.83 billion. Despite the tech shakeup, Japan’s Nikkei added 0.4%, while small caps powered the South Korean Kospi to a 1.1% gain. Hong Kong’s Hang Seng rose 0.9%, while China’s Shanghai Composite sat out the region’s gains, nearly losing 0.1%.

Over in Europe, markets are trying to mirror the uptrend. Rising gilts (bond yields) have dinged London’s FTSE 100 , though, which was last seen trading near breakeven. The French CAC 40 and the German DAX are each 1.3% higher.