From Nasdaq, Inc.:

Today’s Big Picture: Asia-Pacific markets closed with Chinese New Year’s holiday and Hong Kong experiencing an abbreviated trading session. European markets were mixed, and U.S. equity futures are looking higher. Almost 81% of S&P 500 companies have reported better than expected results so far this earnings season. Next week’s January Consumer Price Index report and revised CPI index figures could impact Fed policy.

Data Download: Japan’s trade ministry plans to spend up to 45 billion yen on semiconductor research. U.S. lawmakers want to add ByteDance to an export control list to restrict TikTok access. Markets saw resistance at the 5,000 level for S&P 500. Ralph Lauren shares surged after earnings. Dow Jones is up 2.75% year-to-date, while Bitcoin is up 8.02%.

Stocks to Watch: AMC Networks, Construction Partners, PepsiCo, Sensient. Affirm reported strong financials but lower operating margins. Pinterest shares fell despite exceeding earnings estimates. Expedia announced new CEO and saw decline in gross bookings. Take-Two reported downside guidance. Cloudflare shares surged on strong earnings. The Children’s Place cut its revenue forecast.

IPOs: Visit Nasdaq’s Latest & Upcoming IPOs for more details. No companies are expected to report quarterly results after today’s market close. On the horizon: Treasury Budget on Monday, Producer Price Index in Japan on Tuesday, GDP in the Eurozone and US, and weekly EIA Crude Oil Inventories on Wednesday, and GDP in Japan, UK, and US, and weekly Initial & Continuing Jobless Claims on Thursday.



Read more: Daily Markets: Can S&P 500 Finish Above 5000?