FX.co ★ US Futures Up, Earnings in Focus

On Wednesday, U.S. futures saw an uptick, with S&P 500 futures increasing by 0.3%, Nasdaq 100 futures up by 0.2%, and Dow Jones futures climbing nearly 200 points, rebounding from previous losses. Market participants shifted their focus to a new cycle of corporate earnings. Shares of Eli Lilly jumped over 6% in premarket trading, following the company’s report of earnings and revenue exceeding expectations, along with positive guidance for 2026. Meanwhile, Alphabet's shares increased by 1.2% and Qualcomm saw a rise of 0.6% ahead of their earnings announcements, set to be released after the market's close. In contrast, AMD saw a significant decline, dropping nearly 9% after its forecast fell short. Uber's shares decreased by 7.5% due to disappointing earnings and guidance. Amgen, despite reporting earnings and revenue that surpassed expectations, fell by 1.5%, and Chubb experienced a 1% decline after missing revenue forecasts. Traders are now focusing on the ADP employment report to gain further insights into the condition of the U.S. labor market in January.