The Dow is in danger of posting five-straight losses
The blue-chip index appears to be headed for a tough week, with Dow Jones Industrial Average (DJI) futures down 240 points and looking to extend yesterday's fourth-straight loss. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are swimming in red ink as well, especially after comments from St. Louis Fed President Jim Bullard, who said during a CNBC interview that the central bank could lift benchmark interest rates as early as late 2022. Investors are also keeping an eye on bond yields, which have been seeing turbulent movement after the Fed decision. Commodity stocks will be a focal point today too, after China took steps to combat rising prices.
Continue reading for more on today's market, including:
- These 25 stocks tend to struggle in June.
- Options bulls have been eyeing faltering FuboTV stock.
- Plus, ADBE rises on upbeat quarterly report; DAL gets double upgrade; and FOXA ups its share repurchase program.

5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 2.1 million call contracts traded on Thursday, and over 1 million put contracts. The single-session equity put/call ratio fell to 0.49 and the 21-day moving average dropped to 0.46.
- Adobe Inc (NASDAQ:ADBE) is up 2.8% pre-market, after the computer software name reported better-than-expected fiscal second-quarter earnings and revenue. To follow, no fewer than 14 analysts raised their price targets on the stock.
- Wolfe Research chimed in on Delta Air Lines Inc (NYSE:DAL) this morning, with a double upgrade to "outperform" from "underperform." The firm believes business travel will grow this summer due to pent-up demand. DAL is down 0.6% ahead of the open.
- Fox Corp (NASDAQ:FOXA) is up 0.3% in electronic trading. This morning, the media conglomerate increased its stock repurchase program to $4 billion from $2 billion. FOXA is up 28% in 2021, but has spent the last few months trading in a tight range.
- There is no economic data to report today.

Investors Unpack Data in Europe, Asia
Stocks in Asia were all over the place on Friday. The Nikkei in Japan led the losers, dropping 0.2%, even after the Bank of Japan (BoJ) said it would keep its monetary policy unchanged and extend pandemic relief until the end of the year. The Shanghai Composite in China, meanwhile, lost 0.01%, as investors eyed a recent plummet in commodity prices in the wake of China’s decision to release reserves of some of its key metals. Elsewhere in the region, the Hong Kong Hang Seng rose 0.9% and the South Korean Kospi added 0.09%.
In Europe, the bourses are also keeping an eye on slipping commodity prices, as well as a slew of economic readings out of the region. The London FTSE 100 is down 1.1%, pressured in part by a 1.4% month-over-month drop in U.K. retail sales for May – coming in much lower than the 1.6% rise expected by analysts. Meanwhile, the German DAX is down 1%, even after the country’s Producer Price Index (PPI) rose 1.5% since last month, doubling forecasts. The French CAC 40 is also notably lower, off 0.6% at last glance.