Stock Futures Higher on Cooling Oil, Upbeat Earnings

Dow Jones Industrial Average (DJIA) and Nasdaq-100 Index (NDX) futures are sporting triple-digit leads this morning as earnings impress, with the S&P 500 Index (SPX) eyeing a higher open as well. Among today's post-earnings winners are Anheuser-Busch InBev (BUD), Palantir Technologies (PLTR), and Pfizer (PFE). Oil prices are taking a breather, too, despite heightened Middle East tensions following Iran's reported attack of the United Arab Emirates (UAE).

• What could make momentum override vulnerability for the S&P 500, per Senior V.P. of Research Todd Salamone.
• 2 chip chip stocks that outperform in May.
• Plus, PSKY earnings; Palantir raises forecast; and PINS surges on beat-and-raise.

5 Things You Need to Know Today

1. The Cboe Options Exchange saw more than 2.5 million call contracts and 1.4 million put contracts exchanged on Monday. The single-session equity put/call ratio jumped to 0.54, while the 21-day moving average stayed at 0.59.
2. Paramount Skydance Corp (NASDAQ:PSKY) stock is 1.5% higher ahead of the open, after the media giant shared a first-quarter earnings beat. Revenue missed the mark, however, with Wells Fargo cutting its price target to $7 from $8 in response. PSKY is down 16.9% for 2026.
3. Palantir Technologies Inc (NASDAQ:PLTR) stock is slipping 1% before the bell, brushing off better-than-expected earnings and revenue for the first quarter, as well as a raised annual revenue forecast. Palantir warned operating expenses will continue to increase, putting profitability in jeopardy. PLTR is down 17.8% year to date.
4. Shares of Pinterest Inc (NYSE:PINS) are 17.8% higher ahead of the open, after the social media name reported a top- and bottom-line win for the first quarter and also issued upbeat current-quarter revenue guidance. PINS has shed 22% over the last 12 months.
5. The ADP jobs report and U.S. employment data are due out this week.

European, Asian Markets Mixed

Asian markets turned in a mixed session Tuesday as Japan and China returned from their Golden Week holiday break. A rising yen helped Japan’s Nikkei 225 rise 0.4%, while China’s Shanghai Composite inched higher. Elsewhere, Hong Kong’s Hang Seng fell 0.8%, giving back some of the prior session’s gains, and South Korea’s Kospi added 5.1% for another record high, building on Monday’s massive surge fueled by strength in chip names.

European stocks are a mixed bag, as geopolitical tensions between the U.S. and Iran weigh on sentiment. At last check, Germany’s DAX is 1.6% higher, buoyed by a post-earnings pop from defense giant Rheinmetall.  France’s CAC 40 is rising 0.7%, while London’s FTSE 100 is off 1.3%.