Dow Futures Up Triple Digits as Oil Takes a Breather

Crude futures are down 1% at last check

Patrick Martin

Managing Editor

Jun 16, 2025 at 9:09 AM

After a messy end to a turbulent week, Wall Street appears ready to rally. Oil prices are cooling off, with July-dated crude futures last seen down 1.1%, even as Israel and Iran launch targeted missiles at energy infrastructure for the fourth-straight day. For the time being, investors seem cautiously optimistic that the conflict will be self-contained and keep risk levels in the Middle East subdued. Dow Jones Industrial Average (DJIA) futures are 250 points higher, while Nasdaq-100 Index (NDX) futures are also up triple digits.

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

Oil stock options traders should know.
Red-hot chip stock could test record highs soon.
Plus; Roku and Amazon team up; satellite stock soars; and a biotech buyout to know.

OV Futures June 16

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 2.1 million call contracts and over 1.2 million put contracts traded on Friday. The single-session equity put/call ratio rose to 61, while the 21-day moving average stayed at 0.59.
Roku Inc (NASDAQ:ROKU) stock is 9.4% higher before the bell, after the streaming service announced a partnership with Amazon.com (AMZN) to create a connected TV footprint. Roku stock has been battling its year-to-date breakeven level, but is 37.9% higher year-over-year.
EchoStar Corp (NASDAQ:SATS) stock is 43.6% higher ahead of the open, after President Donald Trump urged the Federal Communications Commission (FCC) to make a deal with the satellite company over a spectrum dispute. Heading into today, SATS was 26.5% lower year-to-date.
The shares of Sage Therapeutics Inc (NASDAQ:SAGE) are 34.9% higher in electronic trading, after the biotech company agreed to be acquired by Supernus Pharmaceuticals for $795 million. SAGE s 23.4% higher in 2025, but has traded in a tight range for the last few months.
What to expect for this holiday-shortened week.

buzzjune16

Asian Markets Shake Off Middle East Tensions

Israel-Iran tensions ignited some investor unease, but Asian markets still logged healthy gains across the board. Eyes were on retail and industrial sales data out of China, which jumped 6.4% and slowed to 5.8%, respectively. To start the week, South Korea’s Kospi and Japan’s Nikkei were the top gainers, respectively adding 1.8% and 1.3%. China’s Shanghai Composite climbed 0.4% and Hong Kong’s Hang Seng tacked on 0.7%.

The banking and crude sectors are pushing European stocks higher today, brushing off news and a subsequent bear gap by Renault that CEO Luca de Meo is leaving his post. At last check, London’s FTSE 100 is up 0.4%, France’s CAC 40 is 1% higher, and Germany’s DAX sports a 0.5% lead.

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