Stock Futures Slide as Oil, Bond Yields Resume Climb

Despite coming off a winning week, stock futures are moving lower, with rising oil prices and Treasury yields weighing on sentiment. West Texas Intermediate (WTI) crude is up nearly 3% above $95 per barrel, after U.S. President Donald Trump rejected Iran's conditions for a ceasefire and reopening of the Strait of Hormuz. Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are down triple digits, while the S&P 500 Index (SPX) is firmly lower as well.

Investors are also looking ahead to a busy week of economic data, with the personal consumption expenditures (PCE) price index due Wednesday and the September jobs report slated for Friday.

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

• 4 ETFs to target in the fourth quarter. 
• Amgen stock has technical support in place. 
• Plus, two stocks facing sector headwinds; RCL upgraded. 

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.9 million call contracts and 1.5 million put contracts traded on Friday. The single-session equity put/call ratio fell to 0.52, while the 21-day moving average remained at 0.59. 
2. Golding mining stock Newmont Corporation (NYSE:NEM) is falling alongside the precious metal, last down 4% premarket. Heading into today, the equity is up 21.6% year to date.
3. American Airlines Group Inc (NASDAQ:AAL) is down 1.7% before the bell, as the airline sector faces headwinds trigger by rising fuel costs. Year to date, the equity is down 9.5%. 
4. Royal Caribbean Cruises Ltd (NYSE:RCL) is up 1.2% in electronic trading, after an upgrade from Bank of America to "buy" from "neutral." The firm maintained its price target of $330. Year to date, RCL is down 13%, but should these gains hold will continue its bounce of its Sept. 23 low of $222.23.
5. There will be plenty of economic data to kick off October this week. 

China Announces Industrial Profit Growth

Asian markets finished mostly lower, after President Trump rejected an Iranian offer to reopen the Strait of Hormuz. Meanwhile, China reported a year-over-year growth of 4.2% in industrial profits for August, as AI-fueled demand continues to boost earning potential. Home prices in Hong Kong inched 0.06% higher last month, improving from July’s fall. For the session, Japan’s Nikkei fell 0.7%, China’s Shanghai Composite lost 1.7%, and South Korea’s Kospi sold off by 2.7%. Hong Kong’s Hang Seng bucked the trend with a 0.5% gain.

European stocks are holding modest gains. At last check London’s FTSE 100 is 0.4% higher, with homebuilding stocks leading the way after a new government bond scheme will allow first-time buyers in the U.K. to purchase a home with just a 2.5% down payment. Meanwhile, Germany’s DAX is up 0.07%,and France’s CAC 40 is also 0.4% higher.