Market Outlook: U.S. Futures Slide While Global Markets

U.S. futures opened lower on Thursday as traders awaited key inflation data and earnings reports set to be released today. The Nasdaq 100 (NDX), Dow Jones Industrial Average (DJIA), and S&P 500 (SPX) were all down at 3:39 a.m. EST, February 13, with declines of 0.12%, 0.12%, and 0.21%, respectively.

Market Performance Overview

On Wednesday, the major indices displayed mixed performance.

• The S&P 500 and Dow Jones fell by 0.2% and 0.5%, respectively.
• The Nasdaq Composite showed a modest rise of less than 0.1%.
• A stronger-than-expected January Consumer Price Index (CPI) report caused broader market concerns about inflation.
• The CPI data increased worries about the Federal Reserve’s ability to curb inflation, heightening expectations that the Fed would maintain its current interest rates.

After-Market Actions

In after-market news, some notable stocks saw significant movements:

• Reddit stock dropped 13.3% after disappointing user growth figures.
• The Trade Desk experienced a 27.1% decline following weaker-than-expected fourth-quarter revenue and a downgraded outlook.

Key Data and Earnings Reports Awaited

Investors are focusing on the release of January’s Producer Price Index (PPI) on Thursday, which is expected to show a 0.3% increase in headline inflation.

• This report, along with the Initial Jobless Claims data for the week ending February 8, will provide insight into future interest rate moves.
• A number of major companies are also reporting earnings today, including Airbnb, Coinbase, Roku, DraftKings, Twilio, and Palo Alto Networks.

Other Market Indicators

• The U.S. 10-year Treasury yield fell to around 4.605% as of the latest check.
• WTI crude oil futures were down, hovering near $70.71 per barrel.
• European markets opened higher, fueled by positive earnings and economic reports, alongside U.S.-led efforts to resolve the war in Ukraine, which helped boost investor sentiment.

Asia-Pacific Markets Traded Mixed

Markets in the Asia-Pacific region showed a mixed performance on Thursday.

• Japanese stocks gained, helped by a weaker yen, which boosted optimism in export-driven sectors.
• In contrast, Chinese stocks fell, with concerns over potential reciprocal tariffs from the U.S. adding to market uncertainty.
• Hang Seng Index dropped 0.2%, while China’s Shanghai Composite and Shenzhen Component fell 0.42% and 0.77%, respectively.
• Meanwhile, Japan’s Nikkei and Topix indices rose by 1.28% and 1.18%, respectively.

Important Highlights

• U.S. Futures Movement: Futures for the Nasdaq, Dow Jones, and S&P 500 all showed declines this morning.
• Inflation Data: Investors are awaiting the January PPI report, with expectations of a 0.3% increase in headline inflation.
• Earnings Reports: Key companies like Airbnb, Coinbase, and Roku are set to release their Q4 earnings today.
• Treasury Yield & Oil: The 10-year Treasury yield is down, and WTI crude oil is trending lower.
• Global Market Sentiment: European indices opened higher, while Asia-Pacific markets showed mixed results.