Resurgent Oil Prices, P&G Earnings Ding Dow Futures

Stock futures are looking at another lower open, as investors look ahead to the Federal Reserve's interest rate decision and subsequent press conference with Chairman Kevin Warsh. Dow Jones Industrial Average (DJI) futures are leading losses this morning, down 336 points under the weight of Procter & Gamble's (PG) revenue miss. Semiconductors are a soft spot this morning, as futures tied to the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) drop slightly. Oil prices are bouncing back, last seen up 6.9%, chasing $90 again. 

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

• Senior Quantitative Analyst Rocky White: Don't ignore this upcoming bearish seasonality. 
• PayPal stock nears a trendline with historically bullish implications. 
• Plus, three companies making big premarket moves after earnings. 

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 1.8 million call contracts and 1.3 million put contracts traded on Tuesday. The single-session equity put/call ratio rose to 0.71, while the 21-day moving average remained at 0.58. 
2. Biogen (BIIB) stock is up 1.5%, ahead of the open, after the biotech name reported a bottom-line beat and hiking its full-year guidance. The stock has closed three of its four past sessions higher and is looking to add to its 60% 12-month lead. 
3. Shares of Vertiv Holdings Co (NYSE:VRT) are down 9.3% premarket, after the data center company reported disappointing second-quarter revenue that overshadowed an earnings beat. Vertiv stock is down 66.4% year to date heading into today.
4. Generac (NYSE:GNRC) stock is up 5.5% in electronic trading, after the generator company reported a beat-and-raise for the second quarter. GNRC is down 33% in July but still boasts a 43% 2026 gain.
5. Traders are bracing for Big tech earnings later this week.

Asian Markets, Served Scrambled

Asian markets were once more scattered today. Hong Kong’s Hang Seng rose 2%, while China’s Shanghai Composite tacked on 0.4%, as consumer cyclicals picked up the tech slack. Among the laggards, South Korea’s Kospi extended its rut with a 6% selloff, as SK Hynix and Samsung Electronics fell 10% and 5%, respectively. Japan’s Nikkei gave back 1.5%, with SoftBank dropping 7%.

European bourses are cautiously higher at midday. London’s FTSE 100 is up 0.3% at last look, as is the German DAX, the latter boosted by a post-earnings pop from Deutsche Bank. The French CAC 40, meanwhile, is 0.5% lower.