All three major indexes are headed for weekly gains
Following another round of record closes for all three major indexes, futures on the Dow Jones Industrial Average (DJI) are up triple digits ahead of the open, while Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) futures sit modestly higher as well. At this point, all three benchmarks are headed for weekly gains.
Meanwhile, oil prices are lower as investors keep an eye on U.S.-Iran developments, with Iran's armed forces reportedly launching missiles at unidentified targets on Thursday. However, President Donald Trump is continuing ceasefire negotiations.
Continue reading for more on today's market, including:
- Will Amazon stock cross $3 trillion? Options bulls think so.
- Tech stock hits record highs before Monday's earnings.
- Plus, three stocks making outsized post-earnings moves this morning.
5 Things You Need to Know Today
- The Cboe Options Exchange saw more than 3.4 million call contracts and 1.3 million put contracts traded on Thursday. The single-session equity put/call ratio fell to 0.39, while the 21-day moving average stayed at 0.59.
- Dell Technologies Inc (NYSE:DELL) is soaring 35.2% premarket, after the company posted blockbuster first-quarter earnings and lifted its full-year forecast. In response, Susquehanna upgraded the stock to "positive" from "neutral," with a price-target hike to $700 from $138, while several other analysts lifted their price targets as well. Looking to blow past last session's record highs, DELL is up 151.9% in 2026.
- American Eagle Outfitters Inc (NYSE:AEO),on the other hand, is down 12.1% in electronic trading despite beating first-quarter earnings and revenue expectations. The retailer lowered its current-quarter forecast, while comparable sales fell 2% compared to expectations of 3.1% growth. Several analysts slashed their price targets after the event. Year to date, the equity is down 32%.
- Shares of NetApp Inc (NASDAQ:NTAP) are up 18.2% before the bell, after the data storage name posted strong fiscal fourth-quarter results and lifted its first-quarter and full-year forecast. Looking to open at a record high, NTAP is up 33% year to date.
- Investors will be eyeing key jobs data next week.
More Highs for South Korea's Kospi
Asia-Pacific markets finished mostly higher on Friday, as investors shrugged off renewed Middle East tensions and instead focused on strength in the tech sector. South Korea’s Kospi rose 3.6% and hit a fresh intraday high, helped by strength in chipmakers after Samsung began sending samples of its newest high-bandwidth memory chips to customers. Japan’s Nikkei added 2.5% for record close. Elsewhere, Hong Kong’s Hang Seng gained 0.7%, while China’s Shanghai Composite finished 0.7% lower.
European markets are mostly higher as investors weigh the chances of extending the fragile ceasefire between the U.S. and Iran. Defense names continued to attract buyers after a Russian drone strike damaged an apartment building in Romania. At last check, London’s FTSE 100 was up 0.2%, France’s CAC 40 had added 0.7%, while Germany’s DAX was down 0.1%.