Optimistic Tech Earnings Lift Stock Futures

Stock futures are trading firmly higher to end the month, as traders roll out the carpet for more Big Tech earnings. Dow Jones Industrial Average (DJIA) futures are extending their rebound, indicating a 175-point pop this morning. Upbeat earnings from Amazon.com (AMZN) is adding to optimism and offset a post-earnings selloff from Apple (APPL). Futures tied to the Nasdaq-100 (NDX) are up triple digits, while futures on the S&P 500 Index (SPX) sports modest gains as well. Now, investors turn their attention to the University of Michigan's consumer sentiment survey, due out at 10 a.m. ET. 

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

• 5 options strategies for bullish bettors.
• DigitalOcean earnings: can the stock shake off recent weakness?
• Plus, MRNA moves lower, COIN caves, and RDDT's choppy traffic.

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.2 million call contracts and 1.3 million put contracts traded on Wednesday. The single-session equity put/call ratio remained at 0.61, while the 21-day moving average remained at 0.58. 
2. Shares of Moderna (NASDAQ:MRNA) are off 4% ahead of the open, even after the biotech name posted better-than-expected second-quarter results of $1.97 per share on $145 million in revenue. Lower research and development spending is a headwind to watch today. Year-to-date, the equity is up 95%.
3. Coinbase Global (NASDAQ:COIN) stock is down 5% before the market open, after the crypto wallet reported a steeper-than-expected quarterly loss. Revenue also fell short of estimates COIN is already off 56.7% year-over-year heading into today.
4. Social media platform Reddit (NYSE:RDDT) has shed 12% premarket, as traders raised concerns about the company’s search-referral traffic from Google, overshadowing a top- and bottom-line Q2 beat. Despite the upbeat report, seven brokerages have issued price-target cuts. Reddit stock is down 22% in 2026.
5. 10 earnings reports to watch next week.

Lots of History to Unpack Overseas

Asian markets finished the week on a high note as the tech rally went global. South Korea’s Kospi soared 17.9% -- its best single-session gain on record -- with SK Hynix and Samsung Electronics finally up off the mat. Japan’s Nikkei tacked on 4%, with SoftBank and Tokyo Electron doing the heavy lifting after the Bank of Japan kept interest rates steady. China’s Shanghai Composite gained 0.7%, even after factory activity fell in July to contraction territory. Rounding out the region, Hong Kong’s Hang Seng hit a record high but only closed up 0.1%.

In Europe, bourses are in the black midday. London’s FTSE 100 is up 0.2% at last look, hitting an intraday record high thanks to outsized moves from defense stocks. The German DAX and French CAC 40 are 0.3% and 0.8% higher at last look, respectively.