Nasdaq Futures Slide Amid Heightened U.S.-Iran Tensions

Stock futures are feeling the pressure this morning, as investors grow wary of reignited tension between the U.S. and Iran. More airstrikes were exchanged over the weekend, while Tehran claimed the Strait of Hormuz was closed. President Donald Trump disputed claims, but crude prices remain higher in response. Semiconductor stocks are also weighing on the tech sector, as SK Hynix (SKHY) suffers a sharp pullback from its Friday public trading debut. Futures on the Nasdaq-100 Index (NDX), Dow Jones Industrial Average (DJI), and S&P 500 Index (SPX) are all sporting notable premarket losses.

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

• Speculative lineup of stocks to watch over the next 4 years.
• Notable losers from last week's chip stock chaos.
• Plus, to bull notes to monitor; and a buyout opportunity boosts casino name.

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 3 million call contracts and 1.6 million put contracts traded on Friday. The single-session equity put/call ratio fell to 0.55, while the 21-day moving average remained at 0.58. 
2. Shares of Shopify Inc (NASDAQ:SHOP) are up 2.9% ahead of the bell, after landing an upgrade to "buy" from "hold" at Jefferies, as well as a price-target hike to $140 from $160. The brokerage firm cited pre-earnings momentum, a revamped commission program, and increased prices as the catalysts. SHOP has struggled in 2026, shedding 23.8%.
3. Fastenal Co (NASDAQ:FAST) stock is up 0.8% before the open, following a fresh coverage initiation from Rothschild & Co Redburn with a "buy." FAST snapped a four-day losing streak on Friday and is looking to add to its 15% year-to-date gain.
4. MGM Resorts PLC (NYSE:MGM) is popping 2.6% in electronic trading, following reports out of The Wall Street Journal that Barry Diller is in private talks to buy the the casino name. MGM has been consolidating on the charts below the $50 level, still holding onto its 20% year-over-year gain.
5. This week kicks off another busy earnings season.

Nikkei Sheds 2% Amid Pension Shift

Asian stocks closed mostly lower Monday. Japan’s Nikkei shed 2% as investors digested the nation’s pension shift that could cost global asset managers millions. The South Korean Kospi experienced another sharp selloff, falling 9% as chip stocks, including SK Hynix, plummeted. Elsewhere, China’s Shanghai fell 2.1% while Hong Kong’s Hang Seng added 0.2%.

European bourses a mixed bag this morning, paring earlier losses as energy stocks rise. Germany’s DAX and France’s CAC are both up 0.2%, while London’s FTSE is off by 0.06%.