Stock Futures Mixed as Gold, Silver Rebound

By Laura McCandless | February 03, 2026, 9:17 AM

Futures on the Nasdaq-100 Index (NDX) are up triple digits premarket, while Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) futures sit on either side of fair value. There are plenty of earnings reports to unpack this morning, as traders keep an eye on rebounding gold and silver prices. Notably, Palantir Technologies (PLTR) is soaring over 10% ahead of the open. 

  • Key SPX levels to watch, per Schaeffer's Senior V.P. of Research Todd Salamone. 
  • Options traders targeted this chip stock ahead of earnings. 
  • Plus, three stocks making outsized post-earnings moves. 

OV Futures Chart Feb 3

5 Things You Need to Know Today

  1. The Cboe Options Exchange saw over 1.9 million call contracts and more than 1.2 million put contracts traded on Monday. The single-session equity put/call ratio rose to 0.65, while the 21-day moving average remained at 0.58. 
  2. As mentioned above, shares of Palantir Technologies Inc (NASDAQ:PLTR) are up 11.1% premarket, after the company's better-than-expected fourth-quarter earnings and revenue, as well as a strong sales forecast. Should gains hold, PLTR will erase a good portion of its 16.9% year-to-date deficit. 
  3. On the other hand, electronic payments name PayPal Holdings Inc (NASDAQ:PYPL) is down 5.2% in electronic trading, after disappointing fourth-quarter results. Plus, Hewlett Packard's (HP) Enrique Lores was named the new new president and CEO. Coming into today, the equity is down 40.9% year over year. 
  4. Woodward Inc (NASDAQ:WWD) is up 15.5% before the bell, after better-than-anticipated fiscal first-quarter results and a wider-than-expected EBITDA margin. The manufacturing stock is set to open at record highs, and sports a 76.7% year-over-year lead.
  5. More big name earnings and jobs data on tap this week.

Buzz 0203

Japan's Nikkei Hits Record High

Asian markets rebounded on Tuesday in response to the U.S.-India trade deal, with Japan’s Nikkei rising 3% to a record high. South Korea’s Kospi outperformed its regional peers with a 6.8% gain, as SK Hynix and Samsung Electronics surged. Elsewhere, China’s Shanghai Composite added 1.3%, while Hong Kong’s Hang Seng tacked on 0.2%.

European markets are mostly lower, as traders assess recent gold, silver, and Bitcoin (BTC) losses. At last glance, London’s FTSE 100 is off by 0.6% despite a bounce in mining stocks, France’s CAC 40 is down 0.2%, and the German DAX is 0.2% higher.

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