Dow Futures Up Triple Digits After Upbeat Apple Earnings

Dow Jones Industrial Average (DJIA) futures are up over 200 points this morning, as investors react positively to Apple's (AAPL) earnings report. The Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also pointed higher after yesterday nabbing fresh record highs. Falling oil prices and a strong-first-quarter earnings season are helping inject optimism into the market as well. For the week, all three major indexes are eyeing healthy weekly gains. 

• Checking in with Palantir stock ahead of earnings.
• How sentiment plays a role during earnings season.
• Plus, AAPL's post-earnings pop; PSKY scored double upgrade; and cosmetics stock soaring. 

5 Things You Need to Know Today

1. The Cboe Options Exchange saw more than 2.8 million call contracts and 1.3 million put contracts traded on Thursday. The single-session equity put/call ratio dropped to 0.48, while the 21-day moving average remained at 0.60.
2. Apple Inc (NASDAQ:AAPL) stock is 4% higher before the open, after the tech giant's fiscal second-quarter earnings surpassed earnings and revenue estimates. The company also shared a rosy outlook for the current quarter. No fewer than four analysts lifted their price targets after the event. Year over year, AAPL sports a 27.2% lead heading into today. 
3. Paramount Skydance Corp (NASDAQ:PSKY) stock is 4.5% higher before the bell, following a double upgrade from Morgan Stanley to "overweight" from "underweight." The firm cited the Warner Bros Discovery (WBD) buyout, AI-related cost savings, as well as a focus on growing streaming and studio assets. So far in 2026, PSKY has shed over 23%.
4. Shares of Estee Lauder Companies Inc (NYSE:EL) are 9.5% higher ahead of the open, after the cosmetics concern reported a top- and bottom-line beat for the fiscal third quarter and shared plans to cut more jobs. Year over year, EL spots a 30.3% lead.
5. The ADP jobs report and U.S. employment data are due out next week.

Asian Markets Mostly Closed for May Day

Asian markets were mostly quiet on Friday, with several bourses closed for the May Day holiday, while Japan’s Nikkei rose 0.4% as the yen strengthened, extending gains after Wall Street’s record highs as investors weighed strong U.S. earnings.

European stocks are a mixed bag to end the week. At last look, France’s CAC 40 is up  0.5%, Germany’s DAX has added 1.4%, while London’s FTSE 100 sports a 0.6% decline.