Traders work on the floor of the New York Stock Exchange (NYSE) on Jan. 28, 2026 in New York City.
Spencer Platt | Getty Images
Futures linked to the S&P 500 traded near the flatline Monday night after U.S. equities posted a strong start to the new trading month.
S&P 500 futures added 0.06%, while Nasdaq 100 futures gained nearly 0.2%. Futures tied to the Dow Jones Industrial Average added 19 points, or about 0.1%.
Shares of Palantir Technologies jumped about 6% in extended trading after the defense tech company gave strong fourth-quarter financial results and upbeat guidance.
Major stock averages rose across the board in the regular session. The 30-stock Dow jumped about 515 points, or 1.05%. The S&P 500 advanced 0.5%, and the tech-heavy Nasdaq Composite gained almost 0.6%. Hot artificial intelligence infrastructure stocks Sandisk, Western Digital and Seagate all ended the session higher. However, Nvidia fell nearly 3% after The Wall Street Journal reported late last week that the chip company’s plans to invest in OpenAI have stalled.
In cryptocurrencies, bitcoin dropped to its lowest level since April, signaling investors’ decreasing appetite for risk. Futures tied to silver and gold also settled lower on Monday. The metals sold off hard on Friday.
Investors this week are digesting more than 100 S&P 500 companies reporting earnings results. Advanced Micro Devices and Pfizer are among those expected to post results on Tuesday. “Magnificent Seven” giants Amazon and Alphabet are slated to report later this week. Tech earnings will be in focus as investors look for signs of AI-driven efficiency and profit growth, particularly after the market’s unforgiving reaction to Microsoft’s results last week.
“The themes that have been driving risk assets higher — the Federal Reserve obviously not tightening rates, probably reducing rates a little bit more this year, the strong economy and profit backdrop and the tariff story not getting worse … you still have those tailwinds in place,” Solus Alternative Asset Management strategist Dan Greenhaus said Monday on CNBC’s “Closing Bell.” “The AI story is still driving markets.”
“I think when you put all of that together, you might get a little more volatile in February, but what’s driving the market is still there,” Greenhaus added.