Nasdaq Futures Climb on Blowout Palantir Results

Economic Outlook - Atlanta Fed President Raphael Bostic emphasized the strong momentum in the U.S. economy, suggesting that the Fed should maintain a mildly restrictive policy rate and does not foresee any rate cuts in 2026 [1] - Following recent manufacturing data, traders adjusted their expectations for Fed rate cuts, with a 91.0% probability of no rate change and a 9.0% chance of a 25 basis point cut at the next meeting in March [2] - The U.S. January ISM manufacturing index rose to 52.6, exceeding economists' expectations of 48.5, indicating a potential revival in manufacturing activity [3] Stock Market Performance - Wall Street's main stock indexes closed higher, with Sandisk (SNDK) gaining over 15% after a Buy rating and price target of $660 were initiated by CTBC Securities [4] - Chip stocks, including Micron Technology (MU) and Intel (INTC), advanced more than 5%, while Teradyne (TER) rose over 3% following a Buy rating and a $400 price target from Alethia Capital [4] - Palantir Technologies (PLTR) surged over 11% in pre-market trading after reporting strong Q4 results and issuing optimistic revenue guidance for Q1 and FY26 [5][15] Corporate Earnings - Investors are anticipating earnings reports from major companies, with S&P 500 companies expected to post an average increase of 8.4% in quarterly earnings for Q4 compared to the previous year [9] - Teradyne (TER) reported stronger-than-expected Q4 results and provided above-consensus Q1 guidance, leading to a pre-market jump of over 22% [17] Trade Developments - President Trump announced a reduction in the reciprocal tariff on India from 25% to 18%, which is expected to lower tariffs on many Indian goods significantly [7] - The U.S. government is in a partial shutdown, affecting the release of the January jobs report and other economic data [8] International Market Trends - The Euro Stoxx 50 Index rose by 0.25%, supported by gains on Wall Street and a rebound in precious metals [11] - France's annual inflation rate fell more than expected, increasing the likelihood of prolonged low inflation in the Eurozone [11] - Japan's Nikkei 225 Index hit a new record high, buoyed by strong earnings in the technology and financial sectors, and a rebound in precious metals [14]