Here’s what’s happening in the stock market today:
The stock market is experiencing a strong relief rally today, fueled by President Trump's reversal on tariff threats related to Greenland and the Arctic region. U.S. futures point to continued gains, with S&P 500 futures up 0.5-0.6%, Nasdaq 100 futures climbing 0.8-0.9%, and Dow futures rising 0.4% as of early New York time.
Major Indices Performance 📊
S&P 500 futures are advancing 0.5-0.6%, building on yesterday's 1.2% gain for the index.
Dow Jones Industrial Average futures have risen 0.4%, after the index surged nearly 589 points or 1.2% on Wednesday.
Nasdaq futures lead with 0.8-0.9% increases, driven by tech and AI momentum.
Market Movers 🚀
AI infrastructure and chip stocks outperform in premarket, including AMD, Micron, and others tied to data centers.
Intel shares jumped over 11% yesterday ahead of earnings, fueled by server chips and investments from Nvidia and the U.S. government.
GameStop rose 3% after-hours as CEO Ryan Cohen bought 500,000 more shares at $21.60 each.
Key Events Driving the Market 🗞️
Trump's U-turn on European tariffs over Greenland sparked global relief, boosting European and Asian indexes alongside U.S. futures.
Procter & Gamble shares fell after cutting its earnings forecast, while GE Aerospace reports today.
Investors eye delayed PCE inflation data, jobless claims, and Q3 GDP for Fed rate cut clues.
Investor Sentiment 👀
Markets reflect optimism from the tariff retreat and AI enthusiasm, contrasting recent selloffs, though gold wavers after highs and oil dips 1.5%. Trading volume stays elevated amid policy pivot volatility
TRADE OF THE DAY:
SNDK
Name: Sandisk Corporation
Symbol: SNDK
Current Price: Approximately ~$497.00
Trade
Sell to Open: 1 SNDK Feb 6, 2026 375/370 Put Vertical
Total Credit Received: $110.00
Credit per Contract: $110.00 (for one contract covering 100 shares)
Direction: Bullish
Probability of Profit (PoP): 83.89%
Potential ROI:
Max Risk (Loss): $390.00
ROI: ($110.00 ÷ $390.00) × 100 ≈ 28.2%
Trade Explained in Simple English:
This is a bullish put credit spread where you sell the 375 put and buy the 370 put, both expiring on February 6, 2026. You receive $110 upfront for entering the trade. As long as SNDK closes above $373.90 at expiration, the options expire worthless and you keep the full credit. Your potential reward is limited to the credit received, and your maximum possible loss is capped at $390.
Wall Street Highlights:
News Beyond the Numbers
Procter & Gamble reported second-quarter net sales of $22.21 billion, slightly missing Wall Street estimates due to weak consumer spending, though adjusted earnings per share beat expectations at $1.88. Read more.
President Trump announced a framework deal on Greenland after talks with NATO's Mark Rutte, easing prior tensions over U.S. access to the territory and averting potential tariffs on Europe. Read more.
Paramount launched a $77.9 billion hostile takeover bid for Warner Bros. Discovery at $30 per share in cash, positioning it as superior to Warner's existing merger with Netflix. Read more.
Wall Street investment banks like Goldman Sachs and Morgan Stanley saw sharp rises in investment banking fees last year from booming M&A activity, with executives forecasting a busy 2026 pipeline. Read more.
Halliburton delivered stronger-than-expected quarterly profits, boosting attention on oil field services amid shifting energy sector dynamics. Read more.
Disclaimer: The content provided by OptionPicks is for informational and educational purposes only and should not be construed as investment, financial, legal, or tax advice. We are not registered as a broker-dealer, investment adviser, or financial advisor with the SEC, FINRA, or any other regulatory authority. Options trading involves substantial risk and is not suitable for every investor. Past performance is not indicative of future results, and no representation is being made that any subscriber will or is likely to achieve profits or incur losses similar to those mentioned. You should consult with a licensed financial professional before making any investment decisions.
