On Tuesday, the Dow Jones index hit a new record for the third consecutive day, even as the Nasdaq Composite dropped over 100 points.
Investors are bracing for January’s U.S. employment report, unemployment rate, and hourly wages data scheduled to be released today before the market opens.
Meanwhile, the 10-year Treasury bond yielded 4.13%, and the two-year bond was at 3.45%. The CME Group's FedWatch tool‘s projections show markets pricing a 78.9% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
0.20%
S&P 500
0.17%
Nasdaq 100
0.14%
Russell 2000
0.32%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.20% at $693.52, while the QQQ advanced 0.18% to $612.32.
Stocks In Focus
Cloudflare
Cloudflare Inc. (NYSE:NET) jumped 15.23% in premarket on Wednesday, after reporting better-than-expected fourth-quarter financial results and issuing FY26 sales guidance above estimates. The company said it sees full-year 2026 revenue in the range of $2.79 billion to $2.80 billion versus estimates of $2.74 billion.
NET maintains a stronger price trend over the short, medium, and long terms, as per Benzinga's Edge Stock Rankings.
Mattel
Mattel Inc. (NASDAQ:MAT) dropped 30.25% after posting downbeat earnings for the fourth quarter. The company reported quarterly earnings of 39 cents per share, which missed the consensus estimate of 54 cents by 27.64%.
MAT maintains a ...
