Nasdaq Futures, Memory Stocks Dragged Ahead of SK Hynix Debut

Stock futures are a mixed bag to close out the week, as investors eye U.S.-Iran developments. Today's U.S. trading debut of South Korean chipmaker SK Hynix (SKHY) is triggering a selloff in chip suppliers Micron Technology (MU) and Lam Research (LRCX), pressuring the Nasdaq-100 Index (NDX) lower before the bell. Futures on the Dow Jones Industrial Average (DJI) are up 78 points, while the S&P 500 Index (SPX) sits just below breakeven. Both the Nasdaq and S&P 500 are pacing for weekly wins, while the blue-chip index is heading toward a modest weekly loss.

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

• Airliner to watch next week.
• Is it possible to reduce risk while staying bullish?
• Plus, TWLO's bull note; Delta earnings; and a billionaire bets big on Vodafone.

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.4 million call contracts and 1.3 million put contracts traded on Thursday. The single-session equity put/call ratio fell to 0.57, while the 21-day moving average remained at 0.58. 
2. Shares of Twilio Inc (NYSE:TWLO) are up 3.2% ahead of the bell, after Stifel dished out an upgrade to "buy" from "hold" and price-target hike to $260 from $175. The firm said AI cycles will be easy for the software name to capitalize on. TWLO has been on tear over the past 12 months, climbing 89%.
3. Delta Air Lines Inc (NYSE:DAL) stock is up 0.2% ahead of the open, brushing off premarket losses thanks to a top- and bottom-line beat for the second quarter. So far in 2026 the airliner has added 28%, tapping a fresh record high of $95.68 on July 2.
4. Vodafone Group PLC (NASDAQ:VOD) is climbing 13.4% in electronic trading, following news French billionaire Xavier Niel took a $6 billion stake in the telecom name, or about 16% of the company. VOD has struggled in 2026, now sitting just below breakeven.
5. Next week brings the start of another busy earnings season.

Asian Markets Eye SK Hynix's Nasdaq Debut

Asian stocks finished mostly higher, with South Korea’s Kospi rising 2.5% as investors tracked SK Hynix’s U.S. debut. Plus, no fewer than 10 fund managers have filed registrations to list single-stock exchange-traded ‌funds tracking the chip maker. Hong Kong’s Hang Seng added 0.6%, while Japan’s Nikkei gained 1.2%, and China’s Shanghai shed 1%. Meanwhile, China approved fast-fashion retailer Shein's Hong Kong IPO.

European bourses are muted, with London’s FTSE 100 up 0.05% at last check, the French CAC 40 down 0.05%, and the German DAX off 0.04%. The pound fell to a one-year low versus the euro and a one-month low versus the U.S. dollar, as energy prices rise on continued U.S.-Iran war efforts.