NextFin News - U.S. equity futures are softer in early trading as investors await January CPI; oil stays pressured while gold is firmer and the dollar is steady.
Pre‑Market Performance
- U.S. index futures
- Nasdaq 100 (NQ): 24,692.3, -75.75 pts (-0.31%).
- S&P 500 (ES): 6,834.8, -16.25 pts (-0.24%).
- Dow Jones (YM): 49,407, -116 pts (-0.23%).
- Europe
- FTSE 100: 10,390.78 (-0.11%).
- CAC 40: 8,308.15 (-0.39%).
- DAX: 24,869.41 (+0.07%).
- Commodities & FX
- Brent crude around $67.5 after a ~2.7% slide Thursday; WTI near $62.8. investing.com
- Gold near $4,990/oz, up ~0.8% ahead of CPI. uk.finance.yahoo.com
- U.S. Dollar Index (DXY) ~97.0, little changed pre‑CPI. fxstreet.com
Macroeconomic Policy and Data
- CPI (January, due 8:30 a.m. ET): Headline inflation expected at ~2.4%–2.5% y/y (prev 2.7% in December), core at ~2.5% y/y (prev 2.6%); monthly gain seen around 0.3%. apnews.com
- Weekly jobless claims: Initial claims fell to 227,000 (week ended Feb 7), easing from the prior week’s spike. investing.com
- Fed policy: On January 28, the FOMC held the target range at 3.50%–3.75%; markets see low odds of a March cut. federalreserve.gov
- Data calendar shifts: Advance Q4 2025 GDP and December PCE are set for Friday, February 20, reflecting updated federal statistical schedules. bea.gov
Hot News
- IEA flags sizeable 2026 oil surplus — The IEA’s February Oil Market Report trims demand growth to ~850,000 bpd for 2026 and keeps a projected supply surplus near 3.7 million bpd, reinforcing downside pressure on prices. investing.com
- EIA outlook tilts bearish for crude — The U.S. EIA’s latest Short‑Term Energy Outlook implies WTI averaging below $60 through 2027 as inventories build. mrt.com
- Crypto stabilizes — Bitcoin consolidates around $66,000 amid broader risk‑off sentiment, with traders eyeing the CPI print for direction. m.economictimes.com
U.S. Stock Focus
- Rivian (RIVN) — Shares jump pre‑market after Q4 revenue of $1.286B topped estimates and an improved loss profile; 2026 delivery guidance of 62k–67k and the R2 launch targeted for Q2 underpin the outlook. finance.yahoo.com
- Roku (ROKU) — Q4 beat with adjusted EPS of $0.53 and platform revenue up 18% y/y; 2026 revenue guide ~$5.5B and Q1 guide ~$1.2B lift sentiment, sending shares sharply higher. investing.com
- Pinterest (PINS) — Stock slides on downbeat Q1 revenue outlook of $951M–$971M vs. ~$980M consensus, despite Q4 revenue of ~$1.32B; investors weigh competitive ad pressures and recent restructuring. investing.com
- Maplebear/Instacart (CART) — Q4 EPS of $0.53 narrowly beats, revenue $992M tops expectations; shares gain as investors look past a tough 2025 base toward steady order and ad growth. zacks.com
- Magna International (MGA) — Auto supplier rises after reporting Q4 sales of $10.8B, adjusted EBIT margin 7.5%, and 2026 sales outlook of $41.9B–$43.5B alongside continued buybacks. globenewswire.com
- Applied Materials (AMAT) — Fiscal Q1 EPS $2.38 on $7.01B revenue beat; management guides to >20% 2026 semi growth on AI demand, boosting pre‑market sentiment. zacks.com
- DraftKings (DKNG) — Despite a solid Q4, 2026 revenue guidance of $6.5B–$6.9B trails expectations, knocking shares lower in extended trade. m.investing.com
- Coinbase (COIN) — Q4 revenue ~$1.78B and a net loss of ~$667M missed estimates, but shares ticked higher after hours as management highlighted 2025 market‑share gains and subscription momentum. zacks.com
- Airbnb (ABNB) — Revenue rose 12% y/y to ~$2.78B; Q1 guidance of $2.59B–$2.63B and commentary on expanding services lift the stock pre‑market. marketwatch.com
- Arista Networks (ANET) — Q4 revenue ~$2.49B (+29% y/y); company lifts 2026 growth outlook to ~25% with AI networking revenue now seen at ~$3.25B, supporting a strong pre‑market bid. arista.com
Bottom line: With futures modestly lower and oil weak, direction into the open hinges on the 8:30 a.m. ET CPI. A cooler print likely aids duration and growth equities; a sticky reading risks extending this week’s risk‑off tone.
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