Pre-Bell | S&P 500 Futures Rise; AMD Tumbles 10%; Eli Lilly Jumps 9%; SMCI Soars 10%; JinkoSolar up 14%; Enphase Energy up 24%; Silicon Laboratories Surges 51%

01 Stock Market

As of Feb 4, U.S. stock index futures performed as follows: Dow futures rose 0.32%, S&P 500 futures gained 0.27%, and Nasdaq 100 futures edged up 0.04%. Modest gains before the bell reflected a mixed tech tape—cautious guidance from Advanced Micro Devices (AMD) contrasted with upbeat outlooks from Super Micro Computer (SMCI)—alongside firming precious metals. A steady U.S. Dollar Index and a slightly higher 10-year U.S. Treasury yield helped keep index moves contained as traders digested overnight earnings and guidance.

Notable Stock Movers: Advanced Micro Devices (AMD) fell 9%; Super Micro Computer (SMCI) up 11%; Enphase Energy (ENPH) up 24%; Silicon Motion Technology (SIMO) up 8.8% at $131.04; Silicon Laboratories (SLAB) up 51%; Take‑Two Interactive (TTWO) up 5%; Intapp (INTA) fell 20%; Eli Lilly (LLY) up 9%; solar and China ADRs firmed with JinkoSolar (JKS) up 14%, Yum China (YUMC) up 4.5% at $53.00; commodities linked names were bid as metals rallied; meanwhile, consumer discretionary laggards included Chipotle (CMG), which fell 7%, while Match Group (MTCH) advanced 7.4% on an upbeat outlook.

02 Other Markets

• 10-year U.S. Treasury yield rose 0.06%, to 4.28%.

• U.S. Dollar Index rose 0.11% to 97.50.

• WTI crude oil futures rose 0.32% to 63.41 USD/barrel; COMEX gold futures rose 2.67% to 5,066.60 USD/ounce.

03 Key News

Nasdaq Mulls New ‘Fast Entry’ Rule Ahead of Big IPOs Like SpaceX

The owner of the Nasdaq 100 Index is proposing to speed up the inclusion of newly listed, large-cap firms in the widely followed equity benchmark as a flurry of technology giants are slated to go public this year.

Dubbed as the “fast entry” rule, the planned revision would allow a new listing to join the Nasdaq 100 after the first 15 trading days, Nasdaq said in a statement. That’s way shorter than the current waiting period of at least three months.

The move highlights pressure on index providers to adapt to a world where companies wait much longer to list, putting enormous amounts of market value in play as soon as they enter public hands. Among companies expected to make initial public offerings this year is SpaceX, whose potential $1.3 trillion valuation would make it one of the biggest companies in the Nasdaq 100.

Eli Lilly Rebounds on Q4 Beat After Novo-Led Decline

Following a decline driven by an underwhelming outlook from its weight loss rival Novo-Nordisk A/S, Eli Lilly added ~9% in the premarket on Wednesday after the Indiana-based pharma giant beat Street forecasts with its Q4 2025 financials and 2026 outlook.

The Zepbound maker reported $19.3B in revenue for the quarter, beating the consensus by as much as ~$1.4B with ~43% YoY growth, while its adjusted EPS of $7.54 indicated a ~42% YoY growth and a beat of $0.61.

Uber Forecasts Profit Below Estimates on Cheaper Rides and Higher Taxes

Uber forecast first-quarter profit below expectations and fourth-quarter estimates on Wednesday, weighed down by higher taxes and an increase in more affordable ride options aimed to boost bookings.

Shares fell 5% in premarket trading after the ride-hailing company said it expects adjusted effective tax rate to be between 22% and 25% this year.

Sources: Reuters, Dow Jones, Tiger Newspress, public market data

Disclaimer: For informational purposes only; not investment advice.