Stock Futures On the Mend Thanks to Rebounding Tech
FAANG stocks are leading a pre-market bounce
Futures on the Dow Jones Industrial Average (DJI) are on the mend today, up nearly 150 points as the tech sector tries to recover ground following the recent sharp sell-off. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are confidently in the black as well, with FAANG stocks powering the rebound. Elsewhere, investors are digesting a round of fresh economic data, including durable goods orders falling 4.4% in October -- the most in over a year, and a steeper drop than expected.
Continue reading for more on today's market, including:
The FAANG stock moving on Disney buzz.Chevron options premium is spiking.This drug stock looks good to call buyers.Plus, Gap's same-store sales whiff; Foot Locker toasts a big earnings beat; and Mylan under FDA pressure. 
5 Things You Need to Know Today
The Chicago Board Options Exchange (CBOE) saw 967,305 call contracts traded on Tuesday. This is compared to 794,113 put contracts. The single-session equity put/call ratio climbed to 0.82, and the 21-day moving average remained at 0.70.Gap Inc (NYSE:GPS) is down 1.3% in electronic trading, despite the retailer reporting third-quarter earnings and revenue that exceeded analyst forecasts. Dragging the shares lower instead are same-store sales numbers that came in lower than anticipated. GPS fell to an annual low of $24.25 yesterday, and are set for a ninth straight day in the red.On the other hand, Foot Locker, Inc. (NYSE:FL) is up a whopping 15% ahead of the bell, after the athleisure retailer's third-quarter earnings and revenue beat. The stock has a history of making big post-earnings moves to the upside, and is on track today to trade at its highest point since August.Shares of Mylan N.V. (NASDAQ:MYL) are down 1.2% in electronic trading, after the Food and Drug Administration (FDA) issued a warning to the drugmaker regarding the conditions of a manufacturing facility in West Virginia. Mylan stock fell to an annual low of $30.33 back on Oct. 25. The shares gapped higher earlier this month following a profit beat, but eventually lost steam at their 160-day trendline.Weekly jobless claims, consumer sentiment data, and existing homes sales, as well as the Conference Board's index of leading economic indicators, are all due out today. On the energy front, the crude inventories report and the Baker-Hughes rig count are also due. Deere (DE) will report earnings.
Tech Pressures Asian Markets, Europe Stocks Get Bank Boost
It was a mixed finish in Asia today, with stocks in Tokyo and Seoul taking a hit from tech sector headwinds. At the close, Japan's Nikkei was down 0.4%, while South Korea's Kospi gave back 0.3%. Elsewhere in the region, Hong Kong's Hang Seng added 0.5%, and China's Shanghai Composite gained 0.2%, even as the U.S. accused Beijing of failing to change "unfair, unreasonable, and market-distorting practices."
European markets are higher at midday, with Italian banks rising on reports the government could be ready to review its controversial budget. At last check, London's FTSE 100 is up 1.1%. the German DAX is 1% higher, and the French CAC 40 is flirting with a 0.6% lead.