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US Pre-Market: Futures Down Ahead of Flood of Economic Data and Fed Speeches

Updated February 2026

U.S. futures are trending lower this Thursday morning as investors brace for a busy session packed with economic indicators and comments from Federal Reserve officials.

US Futures Slightly Lower

  • S&P 500 futures (SPX): -0.29%
  • Nasdaq 100 futures (US100:IND): -0.21%
  • Dow Jones futures (INDU): -0.28%

Caution prevails ahead of the release of several key macroeconomic indicators likely to influence monetary policy expectations.


Busy Economic Calendar

Today's markets will focus on:

  • Initial Jobless Claims
  • Philadelphia Fed Manufacturing Index (February)
  • Pending Home Sales
  • Leading Indicators
  • Publication of the Fed's balance sheet

On the central bank front, several Fed members are scheduled to speak:

  • Michelle Bowman (Fed Vice Chair for Supervision)
  • Neel Kashkari (Minneapolis Fed)
  • Austan Goolsbee (Chicago Fed)

Their comments could shape expectations for upcoming rate decisions.


Bonds: Yields Climbing

U.S. Treasury yields are rising across the curve:

  • 2-year (US2Y): 3.49% (+2.3 bps)
  • 10-year (US10Y): 4.10% (+1.8 bps)
  • 30-year (US30Y): 4.72% (+1.5 bps)

This uptick reflects ongoing tensions around inflation and monetary policy expectations.


Stocks to Watch in Pre-Market

Biggest Gainers

  • DoorDash (DASH): +13%
    → Double-digit order growth and optimistic Q1 guidance.
  • eBay (EBAY): +9%
    → Strong results, increased dividend, and $1.2B Depop acquisition.
  • Lemonade (LMND): +15%
    → EPS and revenue above expectations.
  • Remitly Global (RELY): +20%
    → Significant earnings and revenue beat.
  • Figma (FIG): +13%
    → Q4 revenue up 40% and robust 2026 guidance (+38%).
  • Tenaris (TS): +3.5%
    → Results above estimates.

Notable Decliners

  • Carvana (CVNA): -16%
    → Disappointing Q4 profitability, sharp stock correction.
  • Avis Budget (CAR): -12%
    → Negative impact from weak demand for electric vehicles.
  • Molson Coors Beverage (TAP): -6%
  • Charles River Laboratories (CRL): -5%

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