From Nasdaq:

Today in the Asia-Pacific, markets finished mixed with Japan’s Nikkei declining 0.69%, Australia’s ASX All Ordinaries falling 0.73%, and India’s SENSEX gaining 0.37%. Hong Kong’s Hang Seng rose 0.84%. European markets are mostly higher in midday trading and U.S. equity futures are pointing to a positive open. Data shows that the United Kingdom’s inflation rate remained unchanged at 4.0% in January, and Euro Area GDP rose by 0.1% YoY. Today brings the usual weekly fare that is the MBA Mortgage Applications index and crude oil inventory data from the Energy Information Administration. House Democrats appear to be short of the number they need to bypass Speaker Mike Johnson (R-La.) and force a vote on the Senate’s bill to aid Ukraine, Israel, and Taiwan. Markets closed lower yesterday following the January CPI report, with all sectors down and the Russell 2000 dropping 3.96%. Pre-market breadth today shows 265 names in the S&P 500 have traded hands so far this morning with 209 gainers and 56 decliners.
Names coming under pressure include Generac Holdings (GNRC), Airbnb (ABNB), and Incyte Corporation (INCY). There are a number of companies looking better so far today including VF Corporation (VFC), Uber (UBER), and Hilton Worldwide (HLT) but shares of Davita (DVA) are the standout after the company reported earnings that beat estimates by $0.24. Additional news includes Instacart cutting 250 jobs and airlines Lyft and Airbnb reporting mixed Q4 results. Upstart Holdings (UPST) reported weaker-than-expected guidance and Robinhood Markets (HOOD) stock surged after the company reported quarterly results that showed trading activity rebounded and monthly active users exceeded expectations. Reports suggest Coca-Cola (KO) is pursuing an acquisition of healthy soda brand Poppi. After today’s market close, companies including Cisco (CSCO) and Fastly (FSLY) are expected to report quarterly results.



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