Stock Futures Mixed to Start Holiday-Shortened Week

Stock futures are mixed to start the holiday-shortened week, as rising oil prices and bond yields weigh on investor sentiment. Futures on the Dow Jones Industrial Average (DJI) are down more than 390 points, while the S&P 500 Index (SPX) is modestly lower, and the Nasdaq-100 Index (NDX) sits moderately higher.

Brent crude is trading at six-week highs amid renewed U.S.-Iran tensions, fueling inflation concerns as prices near $100 per barrel. Government bond yields are climbing in response, with several overseas yields hitting multi-year highs. Trade tensions are in focus as well, with Canada's retaliatory tariffs on roughly $20 billion worth of U.S. goods taking effect today.

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

• Sleepers, bounce-back candidates, and more: how to pick stocks like a Fantasy Football draft. 
• Why we recommended this bank stock option last week. 
• Plus, INTC jumps; ROIV enjoys trial results tailwinds; and BSX announces grim warning. 

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 3.1 million call contracts and 1.8 million put contracts traded on Friday. The single-session equity put/call ratio rose to 0.58, while the 21-day moving average remained at 0.59. 
2. Intel Corp (NASDAQ:INTC) is up 4.5% premarket, after U.S. President Donald Trump posted an AI-generated trading image on Truth Social tracking the shares, alongside a claim of "hundred of billions" made for the U.S. Year to date, Intel stock is up 159.6% heading into today. The equity tends to outperform this month, historically. 
3. Roivant Sciences Ltd (NASDAQ:ROIV) is up 19.9% before the bell, after the healthcare name posted upbeat Phase 2 trial results for subsidiary Pulmovant’s mosliciguat, a treatment for pulmonary hypertension with interstitial lung disease. Since the start of the year, ROIV is up 61%. 
4. Boston Scientific Corp (NYSE:BSX) is down 2.3% in electronic trading, after the biotech company said it likely won't meet its 2026 profit targets due to a recent cyberattack. BSX is down 49.9% year to date. 
5. See what's coming up on Wall Street thisweek. 

European Bond Yields Rise

Asian markets finished mostly lower today, as investors monitor rising crude prices and Middle East tensions. China's exports rose 25% year-over-year in August, matching forecasts, while imports grew 28.2%, missing the expected 30% increase. In Japan, real wages data showed a 2.4% increase for July, marking the biggest surge since May 2021. Japan’s Nikkei fell 1.7%, Hong Kong’s Hang Seng lost 0.4%, South Korea’s Kospi shed 0.6%, and China’s Shanghai Composite bucked the trend with a 0.2% rise.

European stocks are mixed at last glance, struggling to overcome a selloff by Novartis (NVS), after the drugmaker shared back-to-back failed trial data. In Germany, exports data showed an unexpected 0.8% pullback month-on-month in July, the first drop in five months. Meanwhile, the French 30-year government bond yield reached its highest level since April 2008, while the yield on Germany’s 10-year bund hit its highest since early 2011. At last check, the region’s DAX has shed 0.06% in response. London’s FTSE 100 is up 0.1%, while France’s CAC 40 sits flat at 0.04%.