(2/11) - Tuesday's Pre-Market News & Stock Movers Good Morning StockForumers! Happy Tuesday! Stock futures slip as investors await Fed Chair Powell testimony: Live updates U.S. stock futures traded lower Tuesday as investors looked ahead to testimony from Federal Reserve Chairman Jerome Powell while awaiting key inflation reports due later in the week. Dow Jones Industrial Average futures slipped 80 points, or 0.2%. Futures tied to the S&P 500 and Nasdaq 100 futures fell 0.3% and 0.4%, respectively. The central bank leader first will address the Senate Banking Committee on Tuesday, followed by an appearance the next day in front of the House Financial Services Committee. Both events will start at 10 a.m. ET and will begin with prepared remarks from Powell. Powell’s testimony comes at a volatile time in Washington with President Donald Trump favoring tariffs against U.S. trading partners and with mixed messages coming from the administration on its approach to the Fed. Shortly after Trump took office, he said he would demand lower interest rates. However, Treasury Secretary Scott Bessent said last week that the White House would not be pressuring the Fed to cut its benchmark borrowing rate and instead will be looking for the 10-year Treasury yield to fall as the administration institutes deregulation and spending cuts to control inflation. Stocks are coming off a winning session as traders looked past new tariffs on steel and aluminum imports. The move led to the European Union saying it will retaliate with levies of its own if the U.S. tacks on tariffs against products from the country bloc. “Not only is it difficult to estimate the true impact of the new tariffs already announced, but it is even more challenging to project the fallout from what additional levies might be coming in the near-term,” wrote Ian Lyngen, head of U.S. rates strategy at BMO. “The chair will undoubtedly be questioned about the implications from Trump’s initial tariffs and the potential for more,” Lyngen added. “We suspect that the most the market could ask from the chair is for clarity on whether the type of one-off price increases created by Trump’s levies thus far will translate into any response by the FOMC.” Later this week, investors will receive fresh inflation data in the form of the latest consumer price index report due out Wednesday, while the producer price index will go out on Thursday. STOCK FUTURES NOW: YESTERDAY'S MARKET HEAT MAP YESTERDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: THIS WEEK'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING DISCUSSIONS (STOCK SYMBOLS ARE CLICKABLE!): SMCI Super Micro Computer Inc SHOP Shopify Inc KO Coca-Cola Co ACHR Archer Aviation Inc PSFE Paysafe Ltd ADA.X Cardano TSLA Tesla Inc FLNC Fluence Energy Inc - Ordinary Shares - Class A FSLR First Solar Inc KENDU.X Kendu Inu THIS WEEK'S IPO'S: THIS WEEK'S EARNINGS CALENDAR: ($SMCI $SHOP $RDDT $APP $HOOD $COIN $MCD $UPST $VRT $MNDY $TWLO $DKNG $DASH $KO $CVS $ALAB $LYFT $HUM $AMAT $BROS $ABNB $ON $PANW $FRSH $MRNA $ET $ROKU $BP $FLNC $ALB $GOLD $KGC $GILD $DDOG $TSEM $TTD $WYNN $INCY $CFLT $VRTX $ROK $ACLS $CSCO $MEDP $MGM $HL $AN $GCMG $ENB $CROX) THIS MORNING'S PRE-MARKET EARNINGS RELEASES: ($SHOP $KO $HUM $BP $SPGI $MAR $LDOS $AN $CRNT $CG $CARR $ECL $RPRX $SWI $KLG $GFS $FIS $DD $ARVN $TPG $USAC $SQNS $SUN $MAS $MYTE $WCC $RGCO $IPGP $LCII $OESX $OGI) BEFORE TODAY'S MARKET OPEN: THIS AFTERNOON'S AFTER-HOURS EARNINGS RELEASES: AFTER TODAY'S MARKET CLOSE: YESTERDAY'S ANALYST UPGRADES/DOWNGRADES: YESTERDAY'S INSIDER TRADING FILINGS: TODAY'S DIVIDEND CALENDAR: THIS MORNING'S PRE-MARKET STOCK NEWS MOVERS: source: cnbc.com Coca-Cola — The soda maker popped 3% after beating Wall Street expectations on both lines for the fourth quarter. Coca-Cola earned 55 cents adjusted per share on $11.54 billion in revenue, while analysts polled by LSEG forecasted 52 cents in earnings per share and $10.68 billion in revenue. DuPont de Nemours – Shares jumped 5% after the chemical company’s fourth-quarter results topped Wall Street expectations. DuPont posted adjusted earnings of $1.13 per share on revenue of $3.09 billion. That’s above the 98 cents per share and $3.07 billion in revenue that analysts surveyed by LSEG were expecting. AutoNation – The stock gained about 1% following the automotive retailer’s better-than-expected results for the fourth quarter. The company reported adjusted earnings of $4.97 per share on $7.21 billion in revenue, while analysts polled by LSEG penciled in earnings of $4.26 per share and $6.80 billion in revenue. Shopify — The commerce stock dropped 3%. That comes despite the company reporting $2.81 billion in revenue for the fourth quarter, exceeding the estimate of $2.73 billion from analysts surveyed by FactSet. Fluence Energy — The energy storage stock plunged 41% after the company reported a bigger-than-expected loss for the fiscal first-quarter. Fluence said it lost 32 cents per share, while analysts polled by FactSet anticipated a drop of just 19 cents a share. The firm saw revenue of $186.8 million, well under the consensus forecast of $362.5 million. Lattice Semiconductor — Shares surged 14% after revenue surpassed Wall Street’s predictions. The chipmaker posted $117.4 million, above the consensus estimate of $117.1 million from analysts polled by LSEG. Astera Labs — The semiconductor play dropped 4.2% despite fourth-quarter earnings coming in stronger than penciled in by analysts polled by LSEG. Earnings guidance for the first quarter was also better than expected. Coty — The stock slipped 2.5% after the beauty products manufacturer reported a fiscal second-quarter earnings and revenue miss. Cody also expects foreign-exchange headwinds to weigh on reported sales in the second half of the year. CoreCivic — The private prison stock retreated 5% as the company’s full-year earnings guidance disappointed the Street. CoreCivic told investors to expect per-share earnings to come in between 48 cents and 61 cents for the full year. while analysts surveyed by LSEG were anticipating 82 cents a share. That overshadowed a better-than-expected quarterly report. Steel Dynamics — Shares rose 2% after KeyBanc upgraded the American steel producer to overweight from sector weight, saying President Donald Trump’s steel and aluminum duties will boost the stock. Compass — Shares popped 4.5% after UBS upgraded the residential real estate broker, saying it has nearly 50% upside after its recently closed acquisition. Snap — The social media platform pulled back 1.8% on the heels of Guggenheim’s downgrade to neutral from buy. Guggenheim said Snap’s plans for investment will likely pressure profit. First Solar — The solar stock rose nearly 2% in premarket after Mizuho upgraded the name to outperform from neutral. The Wall Street firm said its opinion on the sales outlook post-2026 has materially improved, while it thinks the fears around the Trump administration’s negative impact on the industry are overblown. Have a happy trading day to everyone in here on this Tuesday!
