Dow, S&P 500, Nasdaq futures plunge ahead of week defined by Trump's Fed pick, jobs data

February 2, 2026

Dow, S&P 500, Nasdaq futures plunge ahead of week defined by Trump's Fed pick, jobs data

Breaking News

Image source: Lummi



US stock futures tumbled early on Monday after a dramatic sell-off in gold and silver unnerved investors, with technology stocks leading declines as worries around the AI trade resurfaced and uncertainty around the Federal Reserve deepened.

Nasdaq 100 futures dropped 1%, while S&P 500 futures fell roughly 0.8%. Contracts on the Dow Jones Industrial Average, which includes fewer technology names, slid 0.6%.

All three indexes retraced deeper losses overnight following a sharp reversal on Wall Street on Friday. Yahoo Finance reports.

EdgeUp

🧠 Trendforce sees chip prices surging 90–95% in Q1 from previous quarter

Market researcher TrendForce said on Monday that it has raised its chip price forecasts and expects conventional DRAM contract prices to jump by 90% to 95% in the January to March period of this year, from the final three months of 2025, citing the artificial intelligence boom.

It previously estimated 55% to 60% price growth for dynamic random access memory for the first quarter.

“Persistent AI and data center demands in 1Q26 are further worsening the global memory supply and demand imbalance, thereby increasing suppliers’ pricing power,” TrendForce said in a statement. Yahoo Finance reports.


🔋 Retail traders are swarming this battery manufacturer stock after a 3,000% surge in one session

Elong Power captured retail traders’ attention after staging a stellar rally on Friday, even as it announced a fresh share and warrant offering.

A little-known battery stock delivered one of its wildest moves of the year.

Elong Power Holdings shares rocketed over 3,000%, even as the thinly traded microcap company announced a fresh share and warrant offering.

The stock has attracted intense retail attention despite dilution concerns.

The stock has surged 666% in January this year, compared with the 92% decline in 2025. Before the significant surge on Friday, the stock had lost more than 62% of its value during the Jan. 16 week. StockWits reports.


⚛️ Why is UUUU stock falling in pre-market today?

The pullback comes after a rally driven by Trump-era nuclear policy signals and rising retail enthusiasm.

Energy Fuels’ explosive rally on the back of Washington’s nuclear revival narrative has hit a speed bump.

The stock surged more than 54% in January alone, marking its best month since July, as the Trump administration starts to build out plans to fulfill the promise of a focus on domestic production of nuclear energy, but the stock tumbled nearly 8% in premarket trading on the first day of February.

Last May, US President Donald Trump issued executive orders aimed at increasing the speed of the deployment of nuclear reactors by reducing regulatory scrutiny in an attempt to advance the country’s energy goals, while also boosting oil, gas, and coal resources. StockWitse reports.


📊 Why DarkIris shares are trading higher by over 100%

Shares of DarkIris Inc rose sharply in pre-market trading after the company reported a year-over-year increase in FY25 revenue results.

The company said revenue jumped 27.3% to $10.08 million from $7.92 million in FY24.

DarkIris shares jumped 104.2% to $0.68 in the pre-market trading session.

Benzinga reports.


☁️ Oracle to raise up to $50 billion in 2026 for cloud buildup

Oracle Corp. plans to raise $45 billion to $50 billion this year through a combination of debt and equity sales to build additional cloud infrastructure capacity, reflecting the scale of financing needed to support the growth of artificial intelligence.

Oracle said the fundraising will be used to add capacity to meet contracted demand from its largest cloud customers, including Advanced Micro Devices, Meta Platforms, Nvidia, OpenAI, TikTok and xAI. Yahoo Finance reports.


💊 AstraZeneca shares to start trading in US after listing upgrade

Shares of AstraZeneca Plc, the UK’s biggest drugmaker, will start trading on the New York Stock Exchange on Monday following a listing upgrade to replace its American Depositary Receipts that were on Nasdaq.

The drug and vaccine maker is seeking to attract more investors by tilting further toward the US, where it makes almost half of its revenue.

It has said the move will give equal weight to its UK, Swedish and US listings. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Stock Analysis reports.


1) VHUB: VenHub Global, Inc.
Total gain: +118.07%

2) CISS: C3is Inc.
Total gain: +83.61%

3) KXIN: Kaixin Holdings
Total gain: +62.50%

4) NAMM: Namib Minerals
Total gain: +20.65%

5) EVTV: Envirotech Vehicles, Inc.
Total gain: +18.33%

Friday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on January 30.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) FATBB: FAT Brands Inc.
Total gain: +384.38%
The stock appeared to be moving on no notable news.

2) INLF: INLIF Limited
Total gain: +286.29%
The stock appeared to be moving on no notable news.

3) TCGL: TechCreate Group Ltd.
Total gain: +100.14%
The company announced that, in response to an inquiry from NYSE American regarding recent trading activity in its ordinary shares, the Company stated that it is not aware of any material nonpublic information that has not been publicly disclosed that would account for the recent trading activity. PR Newswire reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


DSEEY: Daiwa Securities Group
Q3 2025
Before Market Open
Estimate: N/A
Actual: 2.150

MFG: Mizuho Financial Gr
Q3 2025
Before Market Open
Estimate: 0.140
Actual: 0.170

KYOCY: Kyocera
Q3 2026
Before Market Open
Estimate: 0.120
Actual: 0.100

Today’s Economic Dates

Time (ET) / Report / Period

9:00 AM - Case Shiller 20-city home price index - Nov.
10:00 AM - Consumer confidence - Jan.


Parting Thoughts

“More money is lost by investors preparing for corrections than in the corrections themselves.”

– Peter Lynch

Sourced in: Peter Lynch Quotes – Fidelity.

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