Stock market today: Dow, S&P 500, Nasdaq futures slip after brutal sell-off in wait for Trump's Davos speech

Corporate Performance - Netflix (NFLX) stock fell in premarket trading after disappointing quarterly results, reflecting a broader trend where S&P 500 companies' earnings beats are met with the worst share-price reactions on record [5][6] - Approximately 81% of S&P 500 firms have beaten fourth-quarter profit expectations, yet their shares have underperformed the benchmark by an average of 1.1 percentage points, marking the worst relative performance since 2017 [7] - 3M Co. (MMM) shares dropped 7% despite exceeding profit estimates, while State Street Corp. (STT) fell 6.1% due to a dimmer net interest income outlook overshadowing better-than-expected results [8] Market Sentiment - The current earnings season is critical as US stocks began the year at record highs, leading to valuations above long-term averages while analysts have been cutting profit estimates [9] - The market is sensitive to rates and policy uncertainty, with a "beat" in earnings without strong guidance being perceived as a "sell-the-news" event [10] Technology Sector Insights - Nvidia CEO Jensen Huang highlighted a "boom" in trade jobs related to AI infrastructure, suggesting that there are opportunities for high salaries in this sector [11] - Huang also noted the "largest infrastructure build out in human history," indicating a significant demand backdrop for technology and AI development [12]