Stock Futures Ready to Rebound From Fed-Led Selloff

U.S. stock futures are signaling a strong end to the holiday-shortened week. Wall Street is looking to rebound from last night's sudden selloff after the Federal Reserve signaled it still sees interest rate hikes later this year.

Futures tied to the Dow Jones Industrial Average (DJIA) and Nasdaq-100 (NDX) are up more than 200 points apiece as the tech sector pops, while S&P 500 (SPX) futures are also confidently higher. Elsewhere, jobless claims rose past estimates last week, while oil prices move lower again, last seen down 2.1% at $75.17 per barrel.

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

• Defense stock eyes another rebound attempt before earnings. 
• Unpacking Nike's post-earnings history ahead of next week. 
• Plus, INTC lands Apple deal, and two sectors enjoying lower oil prices.

5 Things You Need to Know Today

1. The Cboe Options Exchange saw more than 3.2 million call contracts and 1.9 million put contracts traded on Tuesday. The single-session equity put/call ratio remained at 0.59, while the 21-day moving average remained at 0.59. 
2. Intel (NASDAQ:INTC) shares are up 9% premarket, after President Donald Trump announced the company landed a deal with Apple (AAPL) to design and build chips in the U.S. Intel stock sports a 228% year-to-date gain and could test its May 11 record high of $132.75 today. 
3. Travel stocks are enjoying a lift from cooling oil prices, with American Airlines Group Inc (NASDAQ:AAL) gaining 2.1% ahead of the open. The stock finished near a six-month high yesterday, but remains flat for the year. 
4. Vacationing favorite Royal Caribbean Cruises (NYSE:RCL) is pointed 2% higher in premarket trading as oil continues to fall. The stock is looking to continue its uptrend after rebounding off its 52-week low of $232.10 on May 20. 

5. Investors are tuning in to more than the Fed interest rate decision this week. 

Nikkei's Record Finish Led Asia Higher

Japan’s Nikkei jumped 1.7% to fresh record highs on Thursday after the U.S.-Iran peace deal, while the South Korean Kospi surged 2.3% as tech continued to recover. Hong Kong’s Hang Seng and China’s Shanghai Composite fell 1.6% and 0.4%, respectively.

European bourses are seeing mixed trading. London’s FTSE 100 down 1% after the Bank of England (BoE) kept interest rates unchanged at 3.75%, while the German DAX is inching up 0.04%, and the French CAC 40 is down 0.1%.