NextFin News - U.S. Pre‑Market Briefing — Tuesday, January 13, 2026
Markets are softer ahead of December CPI and fresh earnings. Below is a concise read on futures, global moves, macro signals, notable headlines, and U.S. stocks in focus.
1) Pre‑Market Performance
- U.S. index futures — Nasdaq 100: 25,891 (-65.75, -0.25%); S&P 500: 7,005.8 (-10.75, -0.15%); Dow Jones: 49,688 (-121, -0.24%).
- Europe — FTSE 100: 10,137.02 (-0.04%); CAC 40: 8,333.68 (-0.30%); DAX: 25,427.03 (+0.09%).
- Commodities — Brent crude near $62.5/bbl, up ~0.9% on the session; WTI crude around $56.8/bbl; COMEX gold (Feb) trades around $4.33k/oz after a sharp multi‑week run. sg.finance.yahoo.com
- FX — U.S. Dollar Index (DXY) hovers around 98.7 into CPI. investing.com
2) Macroeconomic Policy and Data
Today’s CPI (8:30 a.m. ET) — Consensus looks for headline CPI +0.3% m/m, +2.7% y/y; core CPI +0.3% m/m, +2.7% y/y (vs. November core +2.6% y/y). The Bureau of Labor Statistics scheduled the December report for Tuesday, January 13, 2026. A print near consensus would reinforce the view that inflation pressures remain steady into early 2026. finance.yahoo.com
Fed stance — After three consecutive 25 bp cuts into December, the target range stands at 3.50%–3.75%. December communications signaled the policy rate is near neutral and the Committee is “well‑positioned to wait and see.” Markets broadly expect a hold at the late‑January meeting. federalreserve.gov
Market take — A hotter‑than‑expected CPI could lift front‑end yields, firm the dollar, and pressure duration‑sensitive growth stocks; a softer print would do the opposite, supporting risk assets and precious metals. Oil’s rebound has been modest and remains below long‑term averages amid ample supply, limiting the energy‑led inflation impulse for now. investing.com
3) Hot News
- Asia leads risk appetite — Tokyo’s Nikkei hit records as AI optimism and a softer yen supported tech shares; global stocks were mixed ahead of U.S. CPI. apnews.com
- Alphabet passes $4T after AI pact — Reports that Apple will tap Google’s Gemini to power a revamped Siri later in 2026 boosted megacap AI sentiment, with Alphabet’s value topping $4T. AP; Guardian
- HBM capacity race — SK Hynix will invest ~19 trillion won (~$12.9B) in an advanced packaging plant to meet surging AI‑driven HBM demand, underscoring a multi‑year memory upcycle tied to accelerators. reuters.com
- Earnings season kicks off — Money‑center banks headline today’s U.S. calendar, with investors focused on net interest income trajectories, card credit costs, and 2026 expense guides into a lower‑rate backdrop. barrons.com
4) U.S. Stock Focus
- JPMorgan Chase (JPM) — Q4 beat on adjusted basis; Apple Card charge weighs GAAP EPS. Net income fell 7% y/y, but excluding the Apple Card portfolio integration impact, adjusted EPS topped estimates; shares were modestly higher pre‑market as management highlighted resilient consumer trends. FT; Barron’s
- Bank of New York Mellon (BK) — Profit jumps; ROTCE target raised. Q4 earnings rose on higher NII and market‑driven AUCA gains; the bank lifted its medium‑term ROTCE target to ~28% after posting 26.1% in 2025. Reuters
- Delta Air Lines (DAL) — Q4 tops; 2026 EPS growth +20% guided. Delta posted $1.86 GAAP EPS and guided to margin expansion and robust free cash flow; AP’s snapshot noted Q4 EPS above consensus. Delta IR; AP via CT Insider
- Apple (AAPL) & Alphabet (GOOGL) — Multi‑year AI tie‑up for Siri. Apple will integrate Google’s Gemini models into a revamped Siri later this year, a market‑moving alliance across over 2B active devices. AP; Guardian
- NVIDIA (NVDA) & Eli Lilly (LLY) — $1B AI drug‑discovery lab. The companies will co‑invest up to $1B over five years in a Bay Area “co‑innovation lab” built on NVIDIA’s BioNeMo and Vera Rubin platforms to accelerate discovery. NVIDIA PR; Yahoo Finance
- Thermo Fisher (TMO) — Strategic AI collaboration with NVIDIA. TMO and NVDA will pair instrumentation with NVIDIA’s AI stack to build more autonomous labs and speed scientific workflows. Thermo Fisher IR; NVIDIA IR
- Tesla (TSLA) — Analyst turns “tactically constructive” despite near‑term EPS drag from AI capex. Wolfe Research highlighted FSD/robotaxi optionality while trimming EPS on heavier compute spend; shares edged higher. Barron’s
- Intel (INTC) & AMD (AMD) — KeyBanc upgrades fuel pre‑market pop. An upbeat view on server CPU demand and AI infrastructure lifted both names; Intel seen with tight supply and ASP support, AMD with strong EPYC and accelerator ramps. Barron’s
- Citigroup (C) — Workforce restructuring advances. Citi plans to cut roughly 1,000 roles this week as part of its multi‑year efficiency program; legal overhangs persist after the Supreme Court declined to hear an appeal in a long‑running Oceanografia case. Reuters
Risk/positioning snapshot: With futures modestly lower, focus centers on CPI’s core print versus the 0.3% m/m consensus, the banks’ expense/NII outlooks, and whether the dollar’s bid persists into the late‑January FOMC. Elevated gold and firming HBM supply‑chain capex remain notable cross‑currents for equity factor leadership.
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