Dow, S&P 500, Nasdaq futures slide as Trump's Fed pick, Apple earnings take focus

Daily Edge by TradeZero

• S&P 500: 6,969.01 (−9.02, 0.13%)
• Dow Jones: 49,071.56 (+55.96, 0.11%)
• NASDAQ: 23,685.12 (−172.33, 0.72%)

Stock Market Today

• US stock futures (S&P 500, Nasdaq, Dow Jones) slid on Friday.
• Focus on President Trump's upcoming Federal Reserve Chair pick (Kevin Warsh favorite) and Apple earnings.

EdgeUp

• Marvell Technology stock slides premarket due to Microsoft-led tech selloff and AI spending concerns.
• SanDisk stock surges premarket after upbeat forecast and renewed Kioxia supply deal.
• Strategy Inc shares fall premarket as Bitcoin sinks amid rumors of new Fed Chair.
• SanDisk's eye-popping earnings forecast for Q3 (revenue guidance almost 60% higher, profit 150% higher) helps justify its stock surge.
• TechCreate Group stock leaps again in premarket (118% increase) after a previous 889% surge, with no fresh news cited.
• Gold and silver plunge in a wild sell-off; copper also drops significantly.
• Apple tops Q1 earnings estimates on record-breaking iPhone sales ($85.3 billion).

Friday Fact

• The U.S. stock market has never produced a negative return over any 20-year period since 1926, historically rewarding long-term investors.

Top 5 Movers In Early Pre-Market

• TCGL (TechCreate Group Ltd.): +128.00%
• VIVS (VivoSim Labs, Inc.): +107.65%
• ANL (Adlai Nortye Ltd.): +62.18%
• LRHC (La Rosa Holdings Corp.): +29.43%
• SNDK (Sandisk Corporation): +20.71%

Today’s Economic Dates

• 8:30 AM ET: Producer price index (Dec), Core PPI (Dec), PPI year over year.

Yesterday's Biggest Movers

• ANL (Adlai Nortye Ltd.): +88.18% (no notable news)
• FEED (ENvue Medical, Inc.): +66.96% (no notable news)
• CATX (Perspective Therapeutics, Inc.): +66.41% (no notable news)

Today’s Notable Earnings (Before Market Open)

• Exxon Mobil (XOM): Q4 2025, Estimate: 1.690
• Chevron (CVX): Q4 2025, Estimate: 1.440
• Franklin Resources (BEN): Q1 2026, Estimate: 0.550

Parting Thoughts

• “The essence of investment is management of risk, not management of returns.” – Benjamin Graham.