Dow Futures Up Over 200 Points as Markets Look to Recoup Losses

Futures on the Dow Jones Industrial Average (DJI) are more than 200 points higher this morning, led by a post-earnings surge in Intel (INTC) and cooling crude prices. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are modestly higher as well, with all three indexes pivoting off yesterday's steep, Big Tech selloff. Eyes are also on the U.S. and Iran, with President Donald Trump saying he is contemplating a "massive attack" after the conflict expanded to the Red Sea. The 10-year Treasury yield also cooled, moving back to 4.6% following yesterday's surge.

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

• 2 types of options to play for a profitable portfolio.
• Catch up on Google stock's Q2 CapEx catastrophe.
• Plus, two blue-chip earnings to digest; Oracle pens a pentagon deal.

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.3 million call contracts and 1.4 million put contracts traded on Thursday. The single-session equity put/call ratio fell to 0.61, while the 21-day moving average remained at 0.58. 
2. Intel Corp (NASDAQ:INTC) stock is surging 3.1% in electronic trading, after the chip leader posted its best quarterly revenue growth reading in 15 years and an earnings beat. INTC has surged 171% in 2026, recently consolidating at the $100 level.
3. Shares of American Express Co (NYSE:AXP) are 4% lower ahead of the bell, struggling after posting a second-quarter revenue miss, brushing over its earnings beat. AXP has been struggling on the charts, yesterday logging its fifth-straight daily drop. 
4. Oracle Corp (NYSE:ORCL) is 2.2% higher premarket, after the chipmaker penned a 10-year deal with the pentagon, worth $7 billion. The tech name will allow use of its software for military branches. ORCL is deep in the red for 2026, this past week faltering to 52-week lows.
5. Big Tech earnings continue to hold the spotlight next week.

Asian Markets Sour on Google AI Spending

Asian markets closed lower Friday, with Google’s AI spending concerns dragging the Nikkei 2.7%. Elsewhere, the Kospi shed 5.7% and Hong Kong’s Hang Seng dropped 1%. China’s Shanghai Composite lost 1.6% as the region’s central bank unveiled plans to use overnight reverse repos to support near-term banking liquidity.

European bourses are broadly higher Friday despite rising crude prices and continued Middle East tensions. London’s FTSE is up 0.2%, thanks to a financial sector lift led by HSBC. Elsewhere, France’s CAC is 0.3% higher, while Germany’s DAX is up 0.7%.