Stock Futures Pop as Oil Retreats Below $100

Dow and Nasdaq futures are indicating a triple digit move higher this morning

Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are indicating triple-digit pops today, while S&P 500 Index (SPX) futures are also pointed higher. The strong start to the week comes as oil prices cool off, with front-month West Texas Intermediate (WTI) retreating back below $100 per barrel after a weekend spike. There’s also optimism coming from the Strait of Hormuz possibly reopening, after The Wall Street Journal reported the U.S. was forming a coalition to escort ships through.

5 Things You Need to Know Today

1. The Cboe Options Exchange saw roughly 2.3 million call contracts and 1.3 million put contracts traded on Friday. The single-session equity put/call ratio fell to 0.58, while the 21-day moving average remained at 0.59. 
2. Micron Technology (NASDAQ:MU) stock is 4.3% higher ahead of the open, after the chipmaker announced plans to build a second manufacturing site in Taiwan by the end of this year. Micron stock is set to open just shy of its Jan. 30 record high of $455.50, and pad its 49.3% year-to-date gain.
3. Meta Platforms Inc (NASDAQ:META) stock is up 3.1% before the bell, after a Reuters report on Saturday indicated the company was considering laying off 20% of its workforce. Meta spokesperson have dismissed the report. Meta stock is 7% lower in 2026 heading into today.
4. The shares of Alibaba Group Holding Ltd (NYSE:BABA) are 3% higher in electronic trading, after the China-based e-commerce giant announced an Alibaba Token Hub, which will be headed by CEO Eddie Wu. Alibaba stock breached its year-over-year breakeven level earlier this month, and is 7.7% lower in 2026.
5. Take a look at what’s on deck for next week’s economic schedule.

Kospi, Hang Seng Lead Asian Bourses

Asian markets finished the session mixed, as investors continued to keep focus on crude prices. China’s consumption and production reading topped expectations, while retail sales for January and February added 2.8% year-over-year, also beating forecasts. Industrial output for the region added 6.3%, above the anticipated 5%. For the session, Japan’s Nikkei and China’s Shanghai Composite fell 0.1% and 0.3%, respectively, while Hong Kong’s Hang Seng and South Korea’s Kospi added 1.5% and 1.1%, respectively.

European investors are shaking off geopolitical tensions, trading in the black to kick off the week. Commerzbank rose 6.7% on a stake increase from UniCredit, adding fuel to German bank stocks. At last check, London’s FTSE 100 is up 0.5%, France’s CAC 40 is 0.09% higher, and Germany’s DAX has added 0.4%.