Dow futures soar 126 points: 5 things to know before market opens

• Brent crude fell 1.6% to $112.67 after surging nearly 6% on Monday when Iran attacked UAE oil facilities and engaged U.S. vessels guiding ships through the Strait of Hormuz
• Pinterest shares jumped 16.8% premarket on record quarterly revenue of $1.008 billion (up 18% year-over-year) and monthly active users reaching 631 million (up 11%), marking the tenth consecutive quarter of double-digit user growth
• Intel rose 3.3% premarket after Bloomberg reported Apple held exploratory chip production talks with Intel and Samsung, reflecting Apple's concerns about supply chain concentration at TSMC

Market Summary

Market Overview:

U.S. equity futures rallied Tuesday morning with Dow futures up 126 points (0.26%), S&P 500 rising 0.27%, and Nasdaq 100 gaining 0.4%. This follows Monday's selloff when the Dow dropped 557 points to 48,941.90.

Geopolitical Developments:

Iran launched missiles and drones at UAE oil infrastructure in Fujairah and attacked U.S. naval vessels in the Strait of Hormuz. The UAE's defense system intercepted 12 ballistic missiles, three cruise missiles, and four drones. Brent crude fell 1.6% to $112.67 per barrel Tuesday after surging nearly 6% Monday to $114.44, though prices remain elevated amid ongoing Persian Gulf tensions.

Key Company Movements:

Pinterest (PINS): Shares soared 16.8% premarket on record quarterly revenue of $1.008 billion (up 18% year-over-year). Monthly active users reached an all-time high of 631 million, representing 11% growth and marking the tenth consecutive quarter of double-digit user expansion.

Intel (INTC): Stock rose 3.3% after Bloomberg reported exploratory chip production discussions with Apple. While no orders have materialized, the talks reflect Apple's concerns about supply chain concentration, as CEO Tim Cook noted "less flexibility in the supply chain than we normally would" during last week's earnings call. Apple is also in discussions with Samsung.

Market Outlook:

BlackRock Investment Institute notes robust U.S. corporate earnings, particularly in technology and AI-related sectors, providing support for equities. However, analysts warn sustained disruptions to Strait of Hormuz traffic could impact even resilient U.S. markets.