Stock Futures Mixed as Wall Street Unpacks Earnings, Jobs Data

Stock futures are mixed this morning, with the Dow Jones Industrial Average (DJI) sporting a solid gain, the S&P 500 Index (SPX) just above breakeven, and the Nasdaq-100 Index (NDX) firmly in the red as tech continues to see pressure. Investors have a flood of corporate earnings reports to unpack, in addition to the ADP employment report, which showed an increase of 22,000 private payrolls in January -- much lower than the 45,000 analysts anticipated.

• Schaeffer's Senior Quantitative Analyst Rocky White weighs the January barometer against market sentiment. 
• The best S&P 500 stocks to own in February, historically. 
• Plus, a closer look at a few stocks making outsized post-earnings moves today. 

5 Things You Need to Know Today

1. The Cboe Options Exchange saw over 2.6 million call contracts and more than 1.4 million put contracts traded on Tuesday. The single-session equity put/call ratio came in at 0.53, while the 21-day moving average remained at 0.58. 
2. Super Micro Computer Inc (NASDAQ:SMCI) stock is up 8.7% premarket, after blowout fiscal second-quarter results -- including record revenue -- amid AI demand. The company also lifted its annual revenue forecast, with several analysts chiming in with price-target adjustments. Coming into today, SMCI is up 10.5% year over year. 
3. Drugmaker Eli Lilly & Co (NYSE:LLY) also reported much better-than-expected fourth-quarter results and issued a strong outlook, thanks to strong Zepbound and Mounjaro sales. LLY is up 8.2% before the bell, and sports a 23.8% year-over-year gain heading into today.
4. Advanced Micro Devices Inc (NASDAQ:AMD) is down 9.8% in electronic trading, brushing off upbeat fourth-quarter earnings and revenue, as well as a strong current-quarter forecast. Plenty of analysts adjusted their price targets in both directions this morning. Longer term, AMD sports a 145.5% year-over-year lead.
5. More big name earnings and jobs data on tap this week.

Overseas Markets Unpack Earnings

Markets in Asia finished mostly higher today, brushing off tech’s selloff in the U.S. Tech stocks in Japan felt the pain as well, especially after Nintendo’s decision to maintain its quarterly earnings forecast amid several looming headwinds and risks. In response, Japan’s Nikkei was the region’s only laggard, falling 0.8%. China’s Shanghai Composite added 0.9%, South Korea’s Kospi gained 1.6%, and Hong Kong’s Hang Seng finished marginally higher.

European stocks are also mostly higher, as traders unpack several large earnings reports, including banking giants Santander and UBS. Novo Nordisk (NVO) added some pressure, shedding 18% after warning of declining sales and profit growth in 2026. At last glance, London’s FTSE 100 is up 1.3%, France’s CAC 40 is 1.1% higher, and Germany’s DAX is off 0.2%.