NextFin News - U.S. pre‑market snapshot for Tuesday, February 3, 2026.
Pre‑Market Performance
- U.S. index futures
- S&P 500 futures: +0.2% (roughly +15 pts).
- Nasdaq 100 futures: +0.5% (roughly +130 pts).
- Dow Jones futures: −0.03% (roughly −15 pts). finance.yahoo.com
- Europe (cash session)
- FTSE 100: 10,254.30, −0.84% (intraday high 10,373.28; low 10,253.34).
- CAC 40: 8,168.30, −0.16% (high 8,234.50; low 8,158.91).
- DAX: 24,860.93, +0.26% (high 25,098.71; low 24,819.66).
- Commodities & FX
- Brent crude: ~$66.35/bbl; WTI: ~$62.35/bbl after a sharp ~4% slide on Monday as U.S.–Iran tensions cooled and OPEC+ held output steady. barrons.com
- Gold (futures): up ~6% near $4,930/oz, rebounding after recent heavy selling; silver also firmer. barrons.com
- U.S. Dollar Index (DXY): modestly softer (≈ −0.2%). ft.com
- U.S. 10‑year Treasury: ~4.29% pre‑market. barrons.com
Macroeconomic Policy and Data
- ISM Manufacturing (January): PMI rose to 52.6 (exp. 48.4; prior 47.9), the first expansion in a year, led by stronger new orders and production; prices index remained in expansion and employment contracted at a slower pace. This surprises to the upside and tends to favor cyclicals/industrials at the margin. wsj.com
- Fed policy: The FOMC kept the fed funds rate at 3.50%–3.75% at the January 28 meeting, signaling a data‑dependent stance near term. With ISM firming and financial conditions easier, odds for a near‑term cut remain muted. cbsnews.com
- PCE inflation (December): Headline PCE rose 0.3% m/m (core +0.2% m/m); headline running about 2.6% y/y. The mix—stubborn services vs. softer goods—keeps the Fed cautious even as disinflation grinds on. cmegroup.com
- JOLTS (December, due 10:00 a.m. ET today): Consensus looks for continued labor‑market cooling; last reported (November) level was 7.1 million openings. A softer read would reinforce a gradual rebalancing narrative. bls.gov
Market impact: The ISM beat supports risk appetite in cyclicals and small caps; a softer DXY and firmer precious metals reflect de‑risking after last week’s volatility. With the Fed on hold and key labor data ahead, rates‑sensitive sectors may remain choppy intraday.
Hot News
- Precious metals volatility persists: After the largest sell‑off in decades, gold and silver are rebounding as positioning normalizes and margin‑induced liquidations abate; strategists still flag wide trading ranges ahead. ft.com
- Oil reprices on geopolitics: Crude holds in the mid‑$60s (Brent) after Monday’s ~4% drop as comments from Washington and Tehran point to de‑escalation; OPEC+ keeps output steady through March. barrons.com
- Crypto policy outreach: The White House met with banks and crypto firms seeking a path forward on digital‑asset legislation, highlighting stablecoin rules as a sticking point—headline risk for exchanges remains elevated. barrons.com
- Global equities tone: Asia rallied while Europe traded mixed as investors digested the U.S. ISM surprise and commodities volatility ahead of a heavy earnings slate. barrons.com
U.S. Stock Focus
- Palantir (PLTR) — Q4 beat and guidance lift shares pre‑market; revenue rose ~70% y/y to $1.41B with strong U.S. commercial (+137%) and government (+66%); 2026 revenue outlook of ~$7.2B tops consensus. barrons.com
- Teradyne (TER) — “Blowout” Q4 on AI‑driven semi test demand: non‑GAAP EPS $1.80 vs. $1.36 est., revenue $1.08B; Q1 guide ($1.15B–$1.25B revenue; $1.89–$2.25 EPS) far above Street, sending shares up ~20% pre‑market. investors.teradyne.com
- Woodward (WWD) — Q1 FY26 beats (sales +29% to $996M; EPS $2.17) with raised FY guidance; aerospace and industrial drove upside. Stock +~15% pre‑market. globenewswire.com
- PayPal (PYPL) — CEO transition to Enrique Lores alongside a soft Q4 and cautious 2026 profit view; shares −15% to −17% pre‑market as execution and outlook reset weigh. barrons.com
- DaVita (DVA) — Raises 2026 EPS outlook to $13.60–$15.00 (vs. ~$12.65 est.) after Q4 beat; reimbursement and flu‑season mix tailwinds cited. Stock indicated >10% higher. finance.yahoo.com
- TeraWulf (WULF) — Crypto‑miner turned AI/HPC operator climbs pre‑market, still riding momentum from multi‑year AI hosting deals and HPC pivot updates. investors.com
- Advanced Micro Devices (AMD) — Reports after the bell; Street models ~$9.6B Q4 revenue and $1.32–$1.34 EPS, with focus on data‑center traction and 2026 AI pipeline. Shares firmer into print. barrons.com
- Alphabet (GOOGL) — Earnings due Wednesday; options imply a >5% move, with investors watching AI updates (Gemini, Cloud capacity) and capex cadence. investopedia.com
- Thomson Reuters (TRI) — Shares weaker pre‑market ahead of Thursday’s Q4/FY25 release; investor focus on AI investment spend vs. margin trajectory. barrons.com
Note: All market moves refer to pre‑market indications on February 3, 2026; intraday conditions may change around U.S. data releases and corporate events.
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