From Nasdaq:

Futures for the S&P 500 and Nasdaq rise on prospects of producer inflation report for interest rate cut cues. Applied Materials stocks surge after upbeat revenue forecast. January’s U.S. retail sales slump eases concerns, relieving for rate cut. Nasdaq and S&P 500 end previous winning streak with slight decline. Corporate earnings aide S&P 500 crossing the 5,000-point mark.

Investor focus shifts to the producer prices index (PPI) for January to be released today, shaping the outlook for the Fed’s monetary policy path. Traders’ bets on Fed’s easing cycle lean towards June, with 37% expecting at least a 25-basis-point rate cut by May. Inflation shock seems to be shrugged off, but anticipated PPI report could alter expectations.Fed’s easing cycle might begin in June.

Robust corporate earnings and enthusiasm for artificial intelligence has aided S&P 500 to surpass the 5,000-point mark. Nasdaq faces 5-week losing streak. Focus turns to the U.S. Consumer Sentiment Survey from the University of Michigan, also remarks by Fed’s Richmond President Thomas Barkin and Chief Mary Daly. The day also features a U.S. Consumer Sentiment Survey for February and remarks from Fed members.

Applied Materials gains 13.1%, While, Roku falls 16.8%. Coinbase Global surges 13.6% and DoorDash slumps 7.2%. Of the S&P 500 companies reporting, 80.3% beat Q4 earnings expectations, higher than the annual 76% average. Stocks surged with most megacaps advancing, with Nvidia gaining 1.4% after Oppenheimer hike their price target.



Read more: S&P, Nasdaq futures rise ahead of inflation data; Applied Materials surges