Stock Market Today: Dow Jones, S&P 500 Futures Recover As Focus Turns To Trump's Davos Address—Johnson & Johnson, Intel, GameStop In Focus

4 hours ago

U.S. stock futures rose on Wednesday following Tuesday’s sharp sell-off. Futures of major benchmark indices were higher.

On Tuesday, the S&P 500 index recorded its worst session since October 2025, dipping more than 2% during the session as risk-off sentiment intensified following President Donald Trump's aggressive new trade stance toward Europe.

Trump threatened several European countries with additional tariffs starting Feb. 1 if negotiations over Greenland control fail, with duties potentially rising to 25% from June.

European officials warned of retaliation that could affect up to 25% of U.S. exports to Europe, potentially including services, and floated the possibility of reducing Treasury holdings.

On Wednesday, the spotlight shifts to the World Economic Forum in Davos, where Trump is scheduled to deliver a keynote address and hold discussions with foreign nations regarding Greenland.

Meanwhile, the 10-year Treasury bond yielded 4.27%, and the two-year bond was at 3.58%. The CME Group's FedWatch tool‘s projections show markets pricing a 95% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.

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 0.24% at $679.18, while the QQQ advanced 0.14% to $608.93.

Transcript

00:00all right futures under pressure yet again after the sell-off yesterday futures have actually

00:12rebounded in the overnight session and early this morning but as of late have rolled over

00:17and retested the overnight lows currently S&P futures down 0.10% Dow futures down 0.21%

00:25and the Nasdaq down 0.2% see if they firm up ahead of the open here let's take a look at some cues from

00:33last session while consumer staple stocks bucked the trend to close higher information technology

00:39consumer discretionary and financial stocks recorded the biggest losses on Tuesday as most S&P 500

00:46sectors finished on a negative note on Tuesday S&P 500 index recorded its worst session since

00:56October of 2025 which is isn't that long ago to be honest dipping more than two percent during the

01:02session as risk-off sentiment intensified following President Trump's aggressive new trade stance

01:08towards Europe Trump threatened several European countries with additional tariffs starting on

01:13February 1st if negotiations over Greenland control fail well with duties potentially rising to 25%

01:22from June European officials warned of retaliation that could affect up to 25% of U.S. exports to Europe

01:30potentially including services and floated the possibility of reducing treasury holdings on Wednesday

01:36the spotlight shifts to the World Economic Forum in Davos where Trump is scheduled to deliver a keynote

01:41address and hold discussions with foreign nations regarding Greenland meanwhile the 10-year treasury bond

01:48yielded 4.27% and the two-year bond was at 3.58% meanwhile the CME's Fed watch tool held steady at 95%

01:56sure looks like we're not getting a rate cut here in January and that was somewhat expected now we do

02:02have several stocks in focus here for you today the first one is going to be Johnson & Johnson which is

02:08ticker JNJ it was 0.33% lower in the pre-market on Wednesday as it is projected to post quarterly

02:18earnings of 246 per share on revenue of 24.16 billion before the opening bell now since then that report

02:25has come out Johnson & Johnson reported Q4 adjusted EPS of 246 which beat the 244 estimate they also reported

02:34sales of 24.564 billion which beat the estimate of 24.159 billion so that's a beat on the top and the

02:41bottom line full year 26 adjusted EPS of 1143 to 1163 that's versus the 1145 estimate so the estimate

02:51is at the low end of the range they see sales at 99.5 to 100.5 billion and that was versus the estimate

02:59of 98.89 billion so Johnson & Johnson is actually trading lower here in the pre-market but it does

03:06look like there was a beat on the top and the bottom line and while the guidance was in range it's

03:11actually at the higher end of the range the next stop we have for you today is GameStop get ready

03:19buckle up GameStop often creates a whole lot of fun here ticker GME it rose 2.7 percent after CEO Ryan

03:27Cohen disclosed a massive purchase of the stock according to an SEC filing Cohen purchased 500,000

03:34additional shares of GameStop at a weighted average price of approximately 21.12 per share

03:39I'm curious how many people still trade GameStop on a regular basis the next stock on our list here is

03:46one we've been waiting for it's Netflix Netflix is no shortage of news the ticker is NFLX and it

03:53tumbled 5.48 percent despite reporting better than expected fourth quarter financial results

03:58however it sees first quarter revenue of 12.16 billion versus street consensus estimate of 12.19

04:05billion also it expects a first quarter earnings revenue excuse me first quarter earnings per share

04:10of 76 percent which is below a consensus estimate of 81 cents Netflix also trading lower here today

04:18we'll take a look at the Netflix chart I know we've been waiting for a spot on that chart in the

04:24low 80s that's where we find ourselves this morning so we'll be taking a look at that chart here pretty

04:28soon the next stock on our list is going to be United Air Holdings this is ticker UAL that was 4.1

04:35percent higher after the carrier followed a fourth quarter earnings beat with a bullish first quarter

04:40forecast of a dollar to a dollar 50 per share topping the analyst estimates Intel wraps up our list

04:48here today ticker intc rose 2.88 percent after upgrades from HSBC and seaport research and that was

04:57according to Motley Fool

Stock Market Today: Dow Jones, S&P 500 Futures Recover As Focus Turns To Trump's Davos Address—Johnson & Johnson, Intel, GameStop In Focus

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