Stock Futures Stalled by Red-Hot Oil Prices

Futures on Wall Street are poised to give back a chunk of yesterday's tech rally. Resurgent oil prices are pressuring futures this morning, with West Texas Intermediate (WTI) above $87/barrel after Secretary of the State Marco Rubio told reporters that Iran was not serious about making a deal.

Futures on the Nasdaq-100 Index (NDX) are pointed nearly 300 points lower, while Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) futures are deep in the red as well. Investors are also monitoring earnings season, with EV giant Tesla (TSLA) and Alphabet (GOOGL) gearing up to enter the confessional.

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

• How risky IPO plays tend to shake out, per Senior Quantitative Analyst Rocky White.
• Buy the dip on this struggling semiconductor stock.
• Plus, three stocks bucking the broader-market selloff.

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 1.9 million call contracts and 1.2 million put contracts traded on Tuesday. The single-session equity put/call ratio fell to 0.65, while the 21-day moving average remained at 0.58. 
2. Super Micro Computer Inc (NASDAQ:SMCI) stock is up 12% in electronic trading, after the company's preliminary fourth-quarter results showed stronger-than-expected profit. Super Micro stock is poised to test and possibly reclaim its year-to-date breakeven level today.
3. Oklo Inc (NYSE:OKLO) stock is 0.6% higher before the bell after a Bloomberg report indicated the Trump administration tapped the company for a $200 million Department of Energy (DoE) program to advance nuclear reactors' role in data centers. Oklo stock is down 38.5% in 2026 and fell to a 52-week low of $39.53 on July 17.
4. The shares of AT&T Inc (NYSE:T) are 5.2% higher ahead of the open, after the telecom giant reported second-quarter earnings that topped expectations. AT&T stock is nursing a 10% year-to-date lead heading into today.
5. More big name earnings scheduled for this week.

European Markets Digest Fresh Inflation Data

Despite a jump in Japanese chip stocks and Samsung Electronics, Asian markets finished the session mixed. The yen also hit a four-year low against the U.S. dollar, with Japan’s Finance Minister Satsuki Katayama saying the region will take “decisive action” if necessary. Japan’s Nikkei fell 0.2%, Hong Kong’s Hang Seng lost 1%, China’s Shanghai Composite inched 0.07% higher, and South Korea’s Kospi tacked on 0.7%.

European markets are trading higher today, enjoying a boost from utility and crude stocks. Investors are also digesting corporate earnings, the appointment of John Healy as the U.K.'s new finance minister, and softer-than-expected U.K. inflation data. Consumer prices rose 2.8% in April, below economists' 3% forecast. At last glance, London’s FTSE 100 is up 1.4%, Germany’s DAX is 0.2% higher, and France’s CAC 40 is climbing 0.9%.