Stock market today: Dow, S&P 500, Nasdaq futures nudge up amid Ukraine hopes, with
US stock futures nudged higher on Thursday, with investors assessing the prospects for US-Russia peace talks on Ukraine as they waited for the release of fresh wholesale inflation data.
Dow Jones Industrial Average futures (YM=F) and S&P 500 futures (ES=F) both hovered above the flat line after closing lower on Wednesday. Contracts on the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.2%
Hopes for an end to the Ukraine war rose after President Donald Trump and Russian leader Vladimir Putin agreed to start holding peace talks. The dollar (DX-Y.NYB, DX=F) fell after the news.
Meanwhile, investors braced for another read on price pressures, given January’s hot consumer inflation print dented optimism for an interest rate cut anytime soon. After that surprise, the focus is on whether January’s producer price index, which tracks wholesale costs at companies, will show the expected slight cooling on its release at 8:30 a.m. ET.
Inflation is in focus after a jump in consumer expectations and as Trump prepares to push out fresh tariffs, seen as likely to intensify price pressures. The president could announce global reciprocal tariffs at a meeting with India’s leader on Thursday, reports said, citing White House officials.
Also ahead is a weekly update on jobless claims, which will give a window into the labor market — another key input for the Federal Reserve’s policy decision making.
Earnings season rolls on, looking solid after a majority of beats from the almost 70% of S&P 500 companies to have reported so far. Robinhood (HOOD) shares soared in pre-market trading on the heels of a fourth-quarter profit beat. But Reddit’s (RDDT) stock tumbled amid a miss in user growth at the social media company.
The highlights on Thursday include Airbnb (ABNB), Applied Materials (AMAT), and Coinbase (COIN), expected to report results after the bell.
LIVE 2 updates
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Good morning. Here’s what’s happening today.
Economic data: Producer Price Index (January); Initial jobless claims (week ending Feb. 8)
Earnings: Airbnb (ABNB), Applied Materials (AMAT), Coinbase (COIN), Crocs (CROX), Datadog (DDOG), Duke Energy (DUK), DraftKings (DKNG), John Deere (DE), Palo Alto Networks (PANW), Roku (ROKU), Sony (SONY), Twilio (TWLO), Wynn Resorts (WYNN), Cisco Systems (CSCO)
Here are some of the biggest stories you may have missed over the weekend and early this morning:
Inflation uncertainty keeps looming over markets
Trump and Putin agree to negotiate end to Ukraine war
Meta is winning over Wall Street while the rest of Big Tech struggles
Elon Musk calls for US government to ‘delete entire agencies’
Goldman’s Rubner sees US stock risk as ‘everbody is in the pool’
Musk will pull OpenAI bid if ChatGPT maker remains a non-profit, lawyers say
Apple’s iPhone Will Use Alibaba AI in China, Joe Tsai Says
Oil falls further as Trump flags Russia talks to end Ukraine war
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Asian shares rise, optimism driven by US-Russian peace talks and AI hype
Asian shares rose Thursday, driven by optimism surrounding US President Donald Trump’s agreement with Russian leader Vladimir Putin to discuss ending the Ukraine war. This, along with the possibility of Trump pausing some tariffs, boosted market sentiment, despite Wall Street’s decline the day before.
Japan’s Nikkei 225 (^N225) gained 1.3%, while South Korea’s Kospi (^KS11) rose 0.9%. However, the Shanghai Composite (000888.SS) dipped 0.2%.
In energy markets, oil prices declined, with Brent crude (BZ=F) falling 2.7% to below $72 a barrel, partly due to optimism over US-Russia peace talks. These declines and a 3% drop in Exxon Mobil’s (XOM) stock added to market pressures. Despite this, Asian investors were more focused on the potential resolution of the Ukraine conflict and the growing strength of China’s tech sector, which continues to see gains on the back of DeepSeek AI hype.
This article was originally published by a finance.yahoo.com . Read the Original article here. .