U.S. stock futures rose early on Friday, cautiously pointing to a rebound from a bruising week in technology, as Wall Street reassessed concerns about the impact of AI disruption and the risks of Big Tech’s big spending.
S&P 500 futures ( ES=F ) rose 0.4 percent, while Nasdaq 100 futures ( NQ=F ) rose about 0.6 percent, paring earlier premarket losses. Contracts on the Dow Jones Industrial Average (YM=F) reversed course, rising 0.4% after Thursday’s sharp closing losses.
Wall Street looks to end the week with a rebound as Big Tech CEOs and analysts shake off concerns about the impact of new AI tools on legacy technology. But the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are still poised for weekly losses after slipping into negative territory for 2026.
The tentative risk tone extended beyond stocks as bitcoin (BTC-USD) climbed back above $65,000 after hitting 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 gains following Trump’s election this week.
Strategy (MSTR), one of the companies hardest hit by the crypto crash, disclosed a loss for the quarter that was precipitated by that steep selloff that initially weighed on the stock. But the stock rose more than 6 percent before the bell as bitcoin revived and Strategy’s CEO downplayed concerns about debt service risks.
Some tech gloom persisted as shares of Amazon ( AMZN ) fell 8%. In its earnings, the major cloud provider outlined plans for a massive increase in spending in 2026 to at least $200 billion, even as the forecast for operating income fell.
Elsewhere, Stellantis ( STLA , STLAM.MI ) warned it would take a charge of more than 22 billion euros ($26 billion) in a plan to reduce EV momentum. Shares in the Jeep maker fell more than 20 percent on Wall Street and in Milan, adding to the picture of electric vehicle malaise painted by this week’s $60 billion write-off of Chinese carmaker BYD ( BYDDF, 1211.HK ).
In commodities, silver (SI=F) rose but broadly resumed its decline as Chinese selling continued ahead of the national holiday.
Looking ahead, the release of the closely watched January jobs report, originally scheduled for Friday, has been pushed back to Wednesday next week. Fresh signs of trouble in the labor market emerged in recent days as job openings fell to their lowest level since 2020 and layoff announcements rose.
LIVE 7 updates
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Pre-Trade Trend Tickers: Molina, Doximity and Coty
Molina Healthcare (MOH) Shares fell 28% before the bell on Friday after the 2026 profit forecast fell short of analysts’ expectations. The US health insurer said medical costs have risen in its government-backed plans.
Doximity (document) The stock fell 30% in after-hours today after it cut its full-year sales outlook.
Coty (COTY) Shares were down 13% before the bell on Friday. The beauty brand withdrew its guidance for the fiscal year on Friday.
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Crypto pessimism is setting in, but Michael Saylor is still holding on
Shares of Strategy ( MSTR ) rose 6% Friday morning, defying bitcoin’s continued slide and the stock’s 17% drop on Thursday.
As of Thursday afternoon, the company reported holding 713,502 bitcoins, with an average purchase price of $76,052, about 20% more than bitcoin trades for. Strategy reported an operating loss of $17.4 billion, compared with $1 billion in the same period in 2024.
With bitcoin priced at $66,227 on Friday, the company is still underwater on its investment amid a crypto selloff. But Strategy’s Michael Saylor urges the crypto faithful to stay strong, reiterating their mantra and battle cry: “HODL.”
Yahoo Finance’s Hamza Shaban writes in today’s Morning Brief how Strategy’s problems have been for years:
Read more here.
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Stellantis stock craters after taking a $26 billion EV charge
Jeep maker Stellantis ( STLA , STLAM.MI ) warned on Friday it would book a 22.2 billion euro ($26 billion) charge as it slows its push for electric vehicles.
Shares fell more than 20 percent in premarket trading on Wall Street and in Milan, where trading was briefly halted. They fell as much as 24 percent in Italy, the biggest decline on record for the Peugeot and Fiat carmaker, to wipe more than 5 billion euros from its market capitalization.
Bloomberg reports:
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Reddit jumps after posting upbeat guidance and positive Q4 results
Shares of Reddit ( RDDT ) rose 7% before the bell on Friday after posting better-than-expected fourth-quarter results and issuing positive recommendations, helped by AI tools to bring more marketers to the platform.
Investing.com reports:
Read more here.
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Roblox is forecasting strong annual bookings as the gaming platform’s momentum grows
Reuters reports:
Read more here.
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Low liquidity boosts silver price after steep decline
Bloomberg reports:
Read more here.
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Bitcoin’s decline hits retail investors who expect a pro-crypto government edge
Bloomberg reports:
Read more here.
