U.S. equity futures dipped slightly on Monday as investors braced for critical economic data and a new wave of earnings reports following a turbulent week that saw the Dow Jones Industrial Average reach a significant milestone. Currently, S&P 500 futures are down 0.2%, and Nasdaq 100 futures have declined by 0.3%. Meanwhile, futures tied to the Dow Jones have lost 80 points, or 0.2%.
This market movement follows a strong rebound on Friday after major averages had experienced considerable losses earlier in the week, primarily triggered by a sell-off in the tech sector, particularly among software stocks. Bitcoin initially fell below $61,000 before recovering to surpass $70,000, as investors adopted a risk-averse stance.
In the previous session, the Dow surged by 1,200 points, or approximately 2.5%, marking its first close above the 50,000 threshold after hitting that mark during intraday trading. The S&P 500 climbed nearly 2%, while the Nasdaq Composite closed more than 2% higher. This uptick came as buyers returned to the software sector, with Salesforce and the iShares Expanded Tech Software Sector ETF (IGV) seeing notable gains of 3.5%—the ETF’s first rise since entering bear market territory late last month.
Adam Turnquist, chief technical strategist at LPL Financial, noted, “After an eight-day losing streak, buyers finally stepped back into the software space on Friday, underpinning a much-needed relief rally as the tech sector approached key support near the November lows.” However, he cautioned that the broader tech market remains range-bound until it can decisively break above December highs, emphasizing, “For the broader market to make sustainable progress, renewed tech participation will likely be essential.” He added that the S&P 500 may struggle to reach 7,000 without stronger contributions from the tech sector.
The economic calendar for Monday is relatively light, though several Federal Reserve officials, including Governors Christopher Waller and Stephen Miran, are scheduled to speak later in the day. Investors are particularly focused on the delayed January jobs report set to be released on Wednesday by the Bureau of Labor Statistics. Originally slated for last Friday, the report was pushed back due to a partial government shutdown. Last week, ADP announced a modest increase of only 22,000 private payrolls in January, falling short of expectations. Economists surveyed by Dow Jones are forecasting a more robust gain of 55,000 in the upcoming jobs report.
Additionally, the January consumer price index (CPI) reading, also delayed by the shutdown, is scheduled for release on Friday, with the consensus among analysts targeting a 2.5% annual rate.
As the market gears up for another week of earnings, there’s speculation that the recent rotation out of tech stocks could recur, contingent on favorable results. Both Coca-Cola and Ford Motor Company are set to report their earnings on Tuesday, adding further anticipation to the market’s trajectory.
Investors are on high alert as these critical updates unfold, which could significantly impact market sentiment and trends throughout the week.
Original Source: https://www.cnbc.com/2026/02/08/stock-market-today-live-updates.html
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Publish Date: 2026-02-09 20:00:00
