Opening Outlook: CPI Watch, Tech Weak, AMAT, RIVN Rise, COIN Surprises

U.S. stock futures open lower as investors digest earnings and await the 8:30 a.m. ET CPI report, expected to show inflation moderated in January from 2.7% to 2.5%, with core inflation also easing. The Dow and S&P 500 futures are down 0.3%, Nasdaq futures 0.4%; tech stocks led the prior-day decline. Commodities mixed: bitcoin near $67,000, gold around $4,990, WTI at $62.40, and the 10-year Treasury yield holds at 4.10%. Key movers: Applied Materials (AMAT) surged on better-than-expected Q1 results and a $252.5M settlement resolving an export probe; shares up over 10% premarket. Rivian (RIVN) posted $1.29B revenue and guided to 62K–67K units for 2026, with a Q2 SUV launch and a March 12 product event; shares up 22% premarket. Coinbase (COIN) shares rose despite a surprise fourth-quarter net loss of $2.49/share, as management emphasizes long-term crypto outlook and diversification into equities and prediction markets amid broader volatility.