Index Futures Lower as Semiconductor Selloff Continues

Stock futures are firmly lower this morning as the chip sector extends its selloff, while investors continue to monitor elevated bond yields and oil prices. West Texas Intermediate (WTI) crude is edging lower, last seen just below $104 per barrel after President Donald Trump announced he was postponing an attack on Iran that was scheduled for today. Nasdaq-100 Index (NDX) futures are off triple digits, while Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) futures sit modestly in the red as well.

• Why a pause in SPX momentum shouldn't scare bulls, per Schaeffer's Senior V.P. of Research Todd Salamone. 
• Will this homebuilding stock end its grim post-earnings streak?
• Plus, NOW looks to extend gains; and two stocks rising after earnings. 

5 Things You Need to Know Today

1. The Cboe Options Exchange saw more than 2.9 million call contracts and 1.4 million put contracts traded on Monday. The single-session equity put/call ratio dropped to 0.51, while the 21-day moving average stayed at 0.59.
2. ServiceNow Inc (NYSE:NOW) is up 5.9% premarket, looking to extend yesterday's 8.9% rise after Bank of America reinstated coverage with a "buy" rating and price target of $130. Heading into today, the equity is down 32.5% year to date. 
3. Amer Sports Inc (NYSE:AS) is 3.8% higher before the bell, after the sport retailer topped first-quarter earnings and revenue expectations and lifted its full-year outlook. Since the start of 2026, AS is off 11.2%. 
4. Shares of Eagle Materials Inc (NYSE:EXP) are up 5.6% in electronic trading, after a fiscal fourth-quarter earnings and revenue beat, driven by an uptick in cement volumes. Year to date, the construction name is down 4.9%.  
5. What's joining Nvidia earnings on this week's schedule?

European Stocks Enjoy Healthy Gains

Asia-Pacific markets traded mixed Tuesday, as oil prices eased slightly, calming some supply concerns. Japan’s Nikkei reversed earlier gains to close 0.4% lower despite stronger-than-expected gross domestic product (GDP) data, while South Korea’s Kospi tumbled 3.3%. Meanwhile, China’s Shanghai Composite and Hong Kong’s Hang Seng posted modest gains, adding 0.9% and 0.5% respectively as investors eyed the arrival of Russian President Vladimir Putin for a two-day summit with Chinese President Xi Jinping.

European markets are moving higher Tuesday. Leading the charge is Germany’s DAX, last seen up 1.3%, while France’s CAC and London’s FTSE 100 are both up 0.5%. U.K. unemployment rose to 5% for March, up from the 4.9% figure in February. Investors also reacted to Germany’s plans to re-privatize energy giant Uniper, setting up what could become one of Europe’s largest deals this year.