Dow Futures Down Triple Digits to End the Week

Dow Jones Industrial Average (DJIA) futures are down 269 points this morning, looking to end the week on a sour note. Futures connected to the S&P 500 Index (SPX) and on the Nasdaq-100 Index (NDX) are also lower, following four-straight record closes. The import price index fell 0.4% in May, another sign of cooling inflation, while investors eye a wild political week in France and complicated decisions from the Bank of Japan (BoJ). 

• A closer look at a few e-commerce stocks. 
• CrowdStrike stock has support amid recent record highs. 
• Plus, 2 stocks making outsized post-earnings moves; ZS climbs on upgrade. 

5 Things You Need to Know Today

1. The Cboe Options Exchange (CBOE) saw 1.8 million call contracts and 1.6 million put contracts exchanged on Thursday. The single-session equity put/call rose to 0.87, while the 21-day moving average stayed at 0.69.
2. Adobe Inc (NASDAQ:ADBE) is up 15.3% premarket, after the company reported better-than-expected fiscal second-quarter results and raised its full-year forecast. In response, J.P. Morgan Securities upgraded the stock to "overweight" from "neutral," while a handful of other firms lifted their price targets. Year to date, the equity is down 23.1% heading into today. 
3. RH (NYSE:RH), on the other hand, is down 12.1% before the bell, after the home retailer's mixed first-quarter results, including disappointing earnings, and downbeat second-quarter guidance. No fewer than five analysts cut their price targets after the event. Since the start of 2024, RH is off 4.5%. 
4. Zscaler Inc (NYSE:ZS) is up 2.7% in electronic trading, following an upgrade from J.P. Morgan Securities to "overweight" from "neutral," with a price-target hike to $230 from $205. Year to date, ZS is down 18.3%. 
5. Fed speeches will give insight next week. 

Japan, France in Focus

Stocks in Asia were mostly higher Friday, after the BoJ kept its benchmark interest rate unchanged, but said reducing its purchase of government bonds is still within the realm of possibilities. In response, Japan’s Nikkei led the gainers with a 0.2% bounce. Elsewhere, China’s Shanghai Composite and South Korea’s Kospi both added 0.1%. Rounding out the region, Hong Kong’s Hang Seng lost 0.9%.

European markets are solidly in the red this afternoon. France’s CAC 40 is down 2.3% at last glance, as investors weigh the possibility of a win for the country’s populist, far-right National Rally Party. Meanwhile, Germany’s DAX was last seen 1.3% lower, and London’s FTSE 100 is off by 0.2%.