Here’s what’s happening in the stock market today:
U.S. stock futures are pointing to a modestly higher open today amid ongoing sector rotation away from tech following recent AI-related selloffs. 📈🔄 Markets are consolidating after Tuesday's declines, with investors eyeing Alphabet earnings and broader economic data ahead. Gold has recovered to the $5,000 level, while energy stocks show strength from rising oil prices. 💰🛢️
Major Indices Performance 📊
Dow Jones futures are up around 0.3%, building on yesterday's mixed close.
S&P 500 futures rose about 0.3%, after the index fell 0.84% to 6,917.81 on Tuesday amid tech weakness.
Nasdaq 100 futures gained 0.2-0.4%, reflecting continued pressure on AI and software names.
Market Movers 🚀
Premarket gainers include Silicon Laboratories (up 33.58%), Enphase Energy (up 24.57%), and Super Micro Computer (up 12.27%).
SMCI and solar plays like JinkoSolar (up 12.48%) lead tech/energy recovery efforts.
Notable yesterday: Palantir surged on strong results; Walmart hit $1T valuation.
Key Events Driving the Market 🗞️
Alphabet (GOOG) reports earnings today, with Amazon tomorrow, fueling big tech focus.
AI competition worries hit software stocks like Salesforce and Adobe (down ~7% yesterday).
Rotation into cyclicals: Energy up 3.3%, materials 2% on Tuesday; AMD results add to chip sector volatility.
Investor Sentiment 👀
Traders remain cautious on subdued volume, balancing tech pullback risks with optimism from value sectors and policy stability under President Trump. 🐂⚙️ Overall mood blends rotation plays with earnings anticipation.
Wall Street Highlights:
News Beyond the Numbers
Texas Instruments agreed to acquire Silicon Labs for $231 per share in an all-cash deal valued at approximately $7.5 billion, combining strengths in analog chips and wireless technology. Read more.
PayPal replaced CEO Alex Chriss with HP's Enrique Lores effective March 1 amid a disappointing 2026 profit forecast that fell short of Wall Street's 8% growth expectations. Read more.
Boston Scientific beat Q4 earnings expectations but issued a cautious 2026 revenue growth outlook of 10-11% and profit slightly below analyst estimates. Read more.
Phillips 66 reported Q4 profit of $2.91 billion or $7.17 per share, with adjusted earnings at $2.47 per share following strong operational performance. Read more.
Uber posted Q4 revenue growth of 19% but saw adjusted earnings fall well short of Wall Street estimates, prompting questions on its growth trajectory. Read more.
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