Dow, S&P, Nasdaq Pre-Market Lower; Retail Data Watched; KO, HOOD, SPOT Highlights
Opening bell looms with Dow, S&P 500, and Nasdaq futures slightly lower as investors digest earnings and prepare for key economic data. The Dow closed at a record above 50,000; Bitcoin at $68,500; gold at $5,070; WTI at $64.35; and the 10-year Treasury yield at 4.17%. December retail sales, the NFIB small business optimism index, and import price index are released at 8:30 a.m. ET on February 10, with January jobs and CPI to follow Wednesday and Friday. The Coca-Cola Company (KO) is down after Q4 revenue of $11.8B missed estimates and EPS of 58 cents slightly above consensus; shares near $75. CEO James Quincey steps down at year-end, with Henrique Braun succeeding him. Robinhood (HOOD) is set to report Q4 revenue of $1.34B and EPS of 62¢ after market close; shares down ~1% pre-market as it expands into crypto, credit cards, and prediction markets. Spotify Technology (SPOT) surged pre-market after reporting Q4 revenue of €4.53B, EPS of €4.43, and record net user additions; shares up over 8%.