Opening Outlook: Earnings Week Looms as Indices Dip and Key Data Approaches

Monday open futures are slightly lower as investors gear up for a busy earnings week and key economic data. Dow and S&P 20-year futures down 0.1%, Nasdaq futures 0.2%. The Dow closed above 50,000 for the first time on Friday after a volatile session. Bitcoin at $69,000, up from $72,000 on Sunday and $60,000 last week; gold at $5,030/oz up 1%; WTI at $63.75/bbl; 10-year Treasury yield 4.24%. This week features earnings from McDonald’s (MCD), Coca-Cola (KO), Ford (F), CVS (CVS), AstraZeneca (AZN), T-Mobile (TMUS), Robinhood (HOOD), Coinbase (COIN), Spotify (SPOT), and Airbnb (ABNB). Wednesday: January jobs report; Friday: CPI. The Federal Reserve will closely monitor data in its policy decision-making. Novo Nordisk (NVO) rises as Hims & Hers (HIMS) pulls its compounded semaglutide amid FDA restrictions on GLP-1 compounding and a pending lawsuit from Novo. Kroger (KR) gains after naming Greg Foran, former Walmart CEO, as new leader following a leadership shakeup. STMicroelectronics (STM) surges on a multi-year, multi-billion-dollar AWS semiconductor supply deal and potential warrant-issued shares for Amazon (AMZN). Amazon plans up to $200B in CAPEX this year, supporting chip demand.