Futures on the S&P 500 and Nasdaq-100 are also firmly higher
Stock futures are attempting to make a comeback after a sour ending to last week. Futures on the Dow Jones Industrial Average (DJIA) are up triple digits, after the blue-chip index on Friday marked its worst day of 2025 on the heels of lackluster consumer sentiment data. Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) futures are higher as well, as traders look ahead to earnings from Nvidia (NVDA) and Home Depot (HD) this week.
Continue reading for more on today's market, including:
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 3.1 million call contracts and 1.9 million put contracts exchanged on Friday. The single-session equity put/call ratio rose to 0.63 and the 21-day moving average stayed at 0.60.
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Robinhood Markets Inc (NASDAQ:HOOD) revealed earlier that the Securities and Exchange Commission (SEC) is ending an investigation of its crypto unit. The equity is up 2.7% ahead of the open, and longer term it boasts an impressive 269.4%
year over year lead.
- Morgan Stanley upgraded Alibaba Group Holding Ltd - ADR (NYSE:BABA) stock to "overweight" from "equal weight," and hiked its price objective to $180 from $100. Plus, the China-based tech name announced a $53 billion investment in cloud and artificial intelligence (AI) over the next three years. BABA is down 3.4% in premarket trading, but added over 90% in the last 12 months.
- Nike Inc (NYSE:NKE) stock is up 2.4% higher before the bell, after the apparel retailer nabbed an upgrade from Jefferies to "buy" from "hold." The firm noted the company is turning “back on its innovation engine.” NKE shed 27.2% over the last year.
- The personal consumption expenditures (PCE) price index is due out this week.
European Markets React to Germany's Election
Asian markets finished lower on Monday, unable to rebound from Friday, the region’s worst session of 2025 so far. Hong Kong’s Hang Seng fell 0.6%, China’s Shanghai Composite dropped 0.2%, and the South Korean Kospi lost 0.4%. Japan’s Nikkei was closed for the Emperor’s birthday holiday. In notable economic data out of the region, Singapore’s inflation rate increased 1.2% year-over-year in January – its slowest rate since February 2021.
In Europe, London’s FTSE 100 and the French CAC 40 are down 0.04% and 0.4%, respectively, while the German DAX climbs 0.7%, as investors react to Germany’s federal election. Preliminary results showed that Friedrich Merz from the conservative Christian Democratic Union and the allied Christian Social Union (CDU/CSU) will take over as chancellor, causing midcap stocks and bond yields to surge after the news. Elsewhere, the U.K.’s National Grid announced that the sale of its U.S. onshore renewables unit to private equity firm Brookfield Asset Management for $1.74 billion.