Here’s what’s happening in the stock market today:
US stock futures point to a lower open today amid rising Treasury yields pressuring tech stocks and mixed corporate earnings reactions. Markets closed mixed yesterday with the S&P 500 down 0.1% at 6,969, Dow up 0.1% at 49,072, and Nasdaq off 0.7% at 23,685, driven by tech weakness and AI valuation concerns.
Major Indices 📊
S&P 500 futures fell 0.36% to 6,968 in premarket, signaling caution after yesterday's slight dip.
Dow futures dropped 0.29% or 141 points to 49,029, following a modest gain in the prior session.
Nasdaq 100 futures declined 0.49% to 25,871, hit by ongoing tech sector volatility.
Market Movers 🚀📉
Verizon shares rose premarket after Q4 adjusted EPS of $1.09 beat estimates and strong 2026 guidance of $4.90-$4.95 EPS.
American Express reported in-line Q4 EPS of $3.53 with revenue beating forecasts, but shares dipped ~1% amid 2026 outlook of $17.30-$17.90 EPS.
Exxon Mobil posted Q4 profit of $6.5B or $1.53/share (adjusted $1.71 beating estimates), though revenue missed slightly.
Standouts from yesterday: TechCreate Group Ltd. surged 889%, while Microsoft dropped 11%; small caps showed volatile moves.
Key Events 🗞️
Major earnings today include Verizon, American Express, and Exxon Mobil, influencing telecom, payments, and energy sentiment.
US producer prices accelerated in December on services, adding to inflation watch ahead of key jobs data expected Friday.
Upcoming ISM Manufacturing PMI and other data will gauge economic momentum, with futures reflecting yield pressure on equities.
Investor Sentiment 👀
Caution prevails with downside skew in options and subdued volume, blending earnings optimism against tech/AI worries and macro data ahead. 🐻📉
Wall Street Highlights:
News Beyond the Numbers
Microsoft shares dropped 10% despite beating profit and revenue expectations, as investors focused on rising AI investments, slowing Azure cloud growth, and uncertain AI profitability timelines. Read more.
Meta Platforms rallied after topping profit expectations, committing to continued massive investments in AI despite the costs .Read more.
SanDisk reported Q2 revenue of $3.03 billion with 64% datacenter growth from AI demand and forecasted strong Q3 results exceeding Wall Street estimates. Read more.
Apple posted record Q1 fiscal 2026 revenue of $143.8 billion, driven by 23% iPhone sales growth to $85.3 billion and services hitting $30 billion for the first time. Read more.
Elon Musk is exploring mergers across SpaceX, Tesla, and xAI, potentially ahead of a SpaceX IPO valued at over $1.5 trillion to fund AI ambitions. Read more.
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