Stock futures are pointed higher this morning as the broader tech selloff finally eases, despite Amazon.com's (AMZN) earnings miss. Bitcoin (BTC) is rebounding as well, last seen up 4% after plummeting below 61,000. Futures on both the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are up triple digits, with S&P 500 Index (SPX) futures sitting comfortably higher as well.
- Robinhood stock took a beating amid Bitcoin selloff.
- Reviewing the central bank's role in dictating monetary policy.
- Plus, AMZN, MSTR, and RDDT making large post-earnings moves.
5 Things You Need to Know Today
- The Cboe Options Exchange saw over 2.5 million call contracts and more than 1.6 million put contracts traded on Thursday. The single-session equity put/call ratio rose to at 0.65, while the 21-day moving average remained at 0.58.
- Amazon.com Inc (NASDAQ:AMZN) stock is down 8.4% premarket, after the tech giant missed fourth-quarter earnings estimates and predicted $200 billion in capital expenditures this year, with plans to "aggressively invest" in AI. AMZN is looking to break below support at the $220 level and extend its small year-to-date deficit.
- Shares of Strategy Inc (NASDAQ:MSTR), the world's largest holder of Bitcoin (BTC), are rebounding alongside the cryptocurrency, last seen up 8.5% before the bell. Looking to bounce off last session's 52-week lows, the equity is down 29.6% in 2026.
- Reddit Inc (NYSE:RDDT) is also looking to rebound after an extended pullback, up 6.9% in electronic trading. The social media name announced an earnings beat, a strong current-quarter and full-year outlook, as well as a $1 billion share buyback program. Several analysts adjusted their price targets in response. Since the start of the year, RDDT is down 34.3%.
- There is still more economic data coming up this week.
Investors Unpack Earnings Overseas
Asian stocks finished the session mostly lower, with chip stocks across the region extending their slide on the back of Wall Street’s tech setback. Despite a drop in Japanese pharmaceutical stocks after U.S. President Donald Trump revealed his medication website, the Nikkei managed an 0.8% gain. South Korea’s Kospi and Hong Kong’s Hang Seng led losses with drops of 1.4% and 1.2%, respectively. China’s Shanghai Composite fell 0.3%.
Sentiment is improved in Europe, with markets inching higher at last glance. Several big-name earnings reports have captured investor attention, while yesterday’s decisions from the Bank of England (BoE) and European Central Bank (ECB) to hold interest rates steady is still in focus as well. At last check, London’s FTSE 100 is up 0.2%, France’s CAC 40 is 0.1% higher, and Germany’s DAX has added 0.7%.
