The stock market is a rollercoaster of emotions, and the S&P 500 futures are on a thrilling ride! As traders eagerly await the big reveal of the consumer inflation report, the market takes a breath after a turbulent day.
A sneak peek at the numbers: On Thursday night, S&P 500 futures climbed slightly, recovering from a gloomy day in the U.S. stock market. Nasdaq 100 futures gained 0.3%, while futures tied to the Dow Jones Industrial Average added a modest 0.07%.
After-hours trading drama: In the spotlight, Applied Materials soared 11% post-market close, fueled by stellar earnings and a promising outlook. Airbnb shares bubbled up 2%, thanks to positive guidance, while Pinterest took a 14% dive due to underwhelming Q4 results and a bleak forecast. But here's where it gets interesting... Rivian Automotive's shares accelerated by 14% as the company projected a significant increase in vehicle deliveries for 2026.
AI disruption causes market jitters: Thursday's trading session saw major U.S. averages plummet as AI disruption fears gripped investors, particularly in real estate, trucking, and software sectors. The S&P 500 and Nasdaq Composite took a hit, dropping 1.6% and 2%, respectively, while the Dow Jones shed a substantial 670 points.
Tech giants in the red: The 'Magnificent Seven' tech giants felt the heat, with Cisco Systems plunging 12% due to disappointing guidance. Apple also took a 5% hit, marking its most significant single-day loss since April 2025. Invesco's global market strategist, Brian Levitt, offered a nuanced perspective, suggesting that while certain stocks are cooling off, the overall market remains resilient.
Inflation report: The big reveal: All eyes are now on Friday's consumer price index report. Economists predict a 2.5% year-over-year increase, with a 0.3% monthly rise. This report could be a game-changer, potentially influencing the market's direction.
Weekly losses in sight: As of Thursday's close, the S&P 500 and Dow are on track for weekly losses exceeding 1%, while the Nasdaq is heading for a 1.9% decline.
After-hours movers and shakers: Rivian, Applied Materials, Airbnb, and Pinterest are among the stocks stirring up after-hours trading. But the question remains: Will these moves hold up during regular trading hours, or will the market take a different turn? Stay tuned as the market's story unfolds!
