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postUS stock futures turned higher early Friday, pointing cautiously to a rebound from a week-long tech bruising as Wall Street reassessed worries about the impact of AI disruption and the risks of hefty Big Tech spending.
S&P 500 futures (ES=F) rose 0.4%, while Nasdaq 100 futures (NQ=F) added roughly 0.6%, retracing earlier premarket losses. Contracts on the Dow Jones Industrial Average (YM=F) also switched course, moving up 0.4% on the heels of sharp closing losses across the board on Thursday.
Wall Street is looking to end the week with a bounce back, as Big Tech CEOs and analysts brush aside concerns about the impact of new AI tools on legacy tech. But the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are still set for weekly losses, having slipped into negative territory for 2026.
The tentative risk-on tone extended beyond stocks, as bitcoin (BTC-USD) climbed back above $65,000, having touched a 16-month low overnight. But the biggest cryptocurrency is still on track for its worst weekly performance since 2022 after wiping out all of its post-Trump election gains this week.
Strategy (MSTR), one of the companies most affected by the crypto crash, revealed a loss for the quarter that was precipitated by that steep sell-off, which initially weighed on shares. But the stock was up over 6% before the bell as bitcoin revived and Strategy’s CEO played down concerns about debt-servicing risks.
Some tech gloom persisted, as Amazon’s (AMZN) shares tumbled 8%. In its earnings, the major cloud provider outlined plans for a massive 2026 jump in spending to least $200 billion, even as its forecast for operating income fell short.
Elsewhere, Stellantis (STLA, STLAM.MI) warned it will take a charge of over €22 billion ($26 billion) in a plan to scale back its EV push. Shares in the Jeep maker tanked over 20% on Wall Street and in Milan, adding to a picture of EV malaise painted by this week’s $60 billion wipeout for Chinese carmaker BYD (BYDDF, 1211.HK).
In commodities, silver (SI=F) whipsawed but broadly resumed its decline as Chinese selling continued ahead of a national holiday.
Looking ahead, the release of the closely watched January jobs report, originally scheduled for Friday, has been pushed to Wednesday next week. Fresh signs of trouble in the labor market emerged in recent days, as job openings sank to their lowest level since 2020 and layoff announcements surged.
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Premarket trending tickers: Molina, Doximity, and Coty
Molina Healthcare (MOH) stock fell 28% before the bell on Friday after forecasting 2026 profit below analysts’ expectations. The US health insurer said medical costs have risen across its government-backed plans.
Doximity (DOCS) stock sank 30% during premarket hours today after lowering its full-year sales outlook.
Coty (COTY) stock slumped 13% before the bell on Friday. The beauty brand withdraw its fiscal year guidance on Friday.
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Crypto pessimism is setting in, but Michael Saylor is still holding on
Strategy (MSTR) stock jumped 6% on Friday morning, defying the ongoing decline in bitcoin and the stock’s 17% drop on Thursday.
On Thursday afternoon, the company reported that it held 713,502 bitcoins with an average purchase price of $76,052, roughly 20% more than what bitcoin is trading for. Strategy reported operating losses of $17.4 billion, compared to $1 billion in the same period in 2024.
With bitcoin’s price of $66,227 on Friday, the company is still underwater on its investment amid a crypto sell-off. But Strategy’s Michael Saylor is urging the crypto faithful to stay strong, echoing their mantra and battle cry: “HODL.”
Yahoo Finance’s Hamza Shaban writes in today’s Morning Brief how Strategy’s problems have been years in the making:
Read more here.
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Stellantis stock craters after taking $26 billion charge on EV push
Jeep maker Stellantis (STLA, STLAM.MI) warned on Friday that it will book a €22.2 billion ($26 billion) charge as it scales back its EV push.
Shares plummeted over 20% in premarket on Wall Street and in Milan, where trading was halted briefly. They plunged as much as 24% in Italy, the biggest drop on record for the Peugeot and Fiat automaker, to erase over €5 billion off its market cap.
Bloomberg reports:
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Reddit jumps after posting upbeat guidance and positive Q4 results
Reddit (RDDT) stock jumped 7% before the bell on Friday after posting better-than-expected fourth quarter results and issuing positive guidance, helped by AI tools to bring more marketers to the platform.
Investing.com reports:
Read more here.
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Roblox forecasts strong annual bookings as gaming platform momentum grows
Reuters reports:
Read more here.
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Low liquidity spikes silver price after steep decline
Bloomberg reports:
Read more here.
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Bitcoin slump hits retail investors expecting governmental pro-crypto boon
Bloomberg reports:
Read more here.
