Editor’s Note: This article has been updated to reflect Zscaler’s upwardly revised fiscal 2026 revenue guidance.
U.S. stock futures fell on Friday after a mixed close on Thursday. Futures of the major benchmark indices were negative.
The U.S. Bureau of Labor Statistics reported a 0.5% increase in the Producer Price Index for final demand in January, following a 0.4% advance in December. Despite a 0.3% decline in goods prices—largely driven by a 5.5% drop in gasoline—overall wholesale inflation was pushed higher by a significant 0.8% jump in services.
This report, which was delayed due to the late 2025 federal government shutdown, showed that the core index (less foods, energy, and trade services) rose 0.3%, marking its ninth consecutive monthly gain.
Meanwhile, the 10-year Treasury bond yielded 4.00%, and the two-year bond was at 3.42%. The CME Group’s FedWatch tool‘s projections show markets pricing a 96.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
| Index | Performance (+/-) |
| Dow Jones | -0.86% |
| S&P 500 | -0.89% |
| Nasdaq 100 | -0.72% |
| Russell 2000 | -1.19% |
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 lower in premarket on Friday. The SPY was down 0.75% at $684.15, while the QQQ declined 0.78% to $604.50.
Stocks In Focus
Netflix
- Netflix Inc. (NASDAQ:NFLX) was up 8.66% in premarket on Friday after it walked out of the bidding war against Warner Bros Discovery Inc. (NASDAQ:WBD), following a higher bid from Paramount Skydance Corp. (NASDAQ:PSKY), which also rose by 8.32%.
- NFLX had a weaker price trend in the medium and long terms but a strong trend in the short term, with …
