Today: 2 July 2026
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NASDAQ:CSCO 27 January 2026 - 7 February 2026

Wall Street futures steady after AI shock; Alphabet earnings and jobs data in focus

Wall Street futures steady after AI shock; Alphabet earnings and jobs data in focus

New York, Feb 4, 2026, 05:57 EST — Premarket U.S. stock index futures showed a mixed picture early Wednesday, hinting at a cautious open following a steep tech-driven selloff the day before. Dow futures added 77 points, or 0.16%, S&P 500 futures inched up 0.04%, while Nasdaq 100 futures dipped 0.06%.
Fed holds rates, S&P 500 flirts with 7,000 as AI bets and dollar swings collide

Fed holds rates, S&P 500 flirts with 7,000 as AI bets and dollar swings collide

The Federal Reserve held interest rates steady on Wednesday and said inflation remained “somewhat elevated,” keeping investors guessing on when — or if — the next rate cut comes this spring. Markets have been trading like a coiled spring. Stocks are near records, the U.S. dollar has been whipping around, and traders are braced for fresh signals from policymakers in a week packed with heavyweight earnings.
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Stock Market Today

  • Marvell Technology (MRVL) Up 154% in 3 Months as AI Demand Lifts Shares
    July 2, 2026, 12:38 PM EDT. Shares of Marvell Technology (MRVL) have surged 154% over the past three months, far ahead of the sector and chip industry indexes. The rally is being driven by heavy demand for AI data center products, especially around networking and optics. MRVL is now projecting its interconnect unit to climb more than 70% year-over-year in fiscal 2027, with products like TIAs, drivers and scale-out switches seen hitting billion-dollar revenue levels. Shares now trade at a forward 12-month price-to-sales ratio of 17.42, topping the semiconductor industry's average of 10.12, raising some valuation questions. Marvell posted record operating cash flow of $638.8 million in Q1 fiscal 2027, showing better margins. Analysts now look for 42.3% earnings growth in fiscal 2027 following upward estimate moves.
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