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Stock Market Today: Dow Jones, S&P 500 Futures Advance After Sharp Sell-Off—Roblox, Amazon, Reddit, Strategy In Focus - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
Benzinga· 2026-02-06 10:33
U.S. stock futures advanced on Friday following Thursday’s sharp sell-off. Futures of major benchmark indices were higher.Meanwhile, President Donald Trump announced the launch of a new website aimed at bringing down drug prices. The website will offer consumers access to more affordable prescription medications. The January jobs report, which was scheduled to be released today, will be delayed to next week on Wednesday, following the partial government shutdown at the beginning of this week.The 10-year Tre ...
Stock Market Today: Dow Jones, S&P 500 Futures Advance After Sharp Sell-Off—Roblox, Amazon, Reddit, Strategy In Focus
Benzinga· 2026-02-06 10:33
Market Overview - U.S. stock futures advanced following a sharp sell-off, with major benchmark indices showing positive movement [1] - The 10-year Treasury bond yielded 4.20%, while the two-year bond was at 3.48%, indicating market expectations for interest rates [2] - Consumer discretionary, materials, and information technology stocks recorded the biggest losses, while consumer staples and utilities closed higher [7] Company Performance - Roblox Corp. (NYSE:RBLX) surged 14.41% after beating earnings estimates in its fourth-quarter report [4] - Amazon.com Inc. (NASDAQ:AMZN) dropped 8.39% in premarket trading after reporting mixed fourth-quarter results, maintaining a weaker price trend [5] - Reddit Inc. (NYSE:RDDT) jumped 11.22% after announcing better-than-expected fourth-quarter results and a strong sales forecast [5] - Strategy Inc. (NASDAQ:MSTR) increased by 6.98% after reporting fourth-quarter revenue and EPS that beat analysts' estimates [5] - Benzinga's Edge Stock Rankings indicate that RBLX, AMZN, RDDT, and MSTR maintain weaker price trends over various time frames [5][6] Economic Insights - Scott Wren from Wells Fargo Investment Institute maintains a resilient outlook for the U.S. economy, expecting steady growth and moderating inflation [8] - Key drivers for continued economic progress include the ability to weather volatility and market pullbacks being viewed as opportunities for increased exposure in sectors like Financials, Industrials, and Utilities [8] Commodities and Global Markets - Crude oil futures rose by 1.44% to around $64.20 per barrel, while Gold Spot increased by 1.72% to approximately $4,862.74 per ounce [10] - Bitcoin traded 7.86% higher at $65,760.87 per coin, reflecting positive sentiment in the cryptocurrency market [10] Global Market Performance - Asian markets closed mixed, with India's Nifty 50 and Japan's Nikkei 225 rising, while indices in Hong Kong, China, Australia, and South Korea fell [11] - European markets also showed mixed performance in early trading [11]