Dow Extends Losses After Worst Day of 2022

Futures on the Dow Jones Industrial Average (DJI) are looking to build on their worst session of the year this Friday, with the index signaling a roughly 94-point drop as investors attempt to gather their bearings. The S&P 500 (SPX) and Nasdaq-100 Index (NDX) futuresare also struggling for direction, after staging dramatic routs of their own on Thursday. Renewed geopolitical tensions between Ukraine and Russia turned U.S. markets on their heads during the previous session, after pro-Russian separatists were accused of opening fire at a village near the border by the Ukrainian government. All three indexes are eyeing their second-straight weekly drop. 

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

• What bulls should know before buying the dip on Foot Locker stock. 
• Breaking down some of the red-hot options activity surrounding Palantir stock yesterday. 
• Plus, BLMN bursts higher after Q4 beat; INTC shares long-term revenue prediction; and ROKU spirals on disappointing forecast. 

5 Things You Need to Know Today

1. The Cboe Options Exchange (CBOE) saw 1.27 million call contracts traded on Thursday, and 861,837 put contracts. The single-session equity put/call ratio rose to 0.68, and the 21-day moving average rose to 0.56.
2. The shares of Bloomin Brands Inc (NASDAQ:BLMN) are up 6.7% in early morning trading after the Outback Steakhouse parent shared a fourth-quarter earnings and revenue beat. The firm also announced a new $125 million share buyback plan. BLMN is eyeing its fourth-straight weekly gain.
3. The CEO of Intel Corporation (NASDAQ:INTC) Pat Gelsinger said during an investor gathering that the company is looking bring in double-digit growth in its annual revenue in three to four years. The stock is down 2.3% before the bell, and currently sports a 7.6% year-to-date deficit. 
4. The shares of Roku Inc (NASDAQ:ROKU) are suffering a premarket drop of 26.2% after its fourth-quarter revenue and outlook missed analysts' estimates, though its earnings for the quarter topped expectations. Over the past 12 months, ROKU has plunged 68%.

5. The week ends almost as quietly as it started, with existing home sales data and leading economic indicators on tap for Friday.  

Overseas Markets Try to Push Past Geopolitical Turmoil 

Markets in Asia were a mixed bag today, as investors eyed the ongoing turmoil between Russia and Ukraine. Hong Kong's Hang Seng led the laggards with a 1.9% drop, while Japan's Nikkei fell 0.4%, after the country's core inflation rate rose 0.2% in January – far below the Bank of Japan's (BoJ) 2% target. Elsewhere, China's Shanghai Composite added 0.7%, while the South Korean Kospi inched 0.02% higher.

European markets are mostly brushing off geopolitical tensions midday, as investors unpack plenty of corporate earnings. London's FTSE 100 is up 0.4%, while the French CAC 40 tacks on 0.7%, and the German DAX dips 0.08%.