New York, Feb 10, 2026, 06:25 EST — Premarket.
- U.S. stock index futures hovered near flat early, following Monday’s bounce that was powered by tech shares.
- Retail sales figures for December, along with import and export price data, land at 8:30 a.m. ET. NFIB optimism edged down to 99.3.
- The Treasury is set to auction $58 billion in 3-year notes at 1 p.m. ET. Markets are also bracing for jobs data and CPI coming up later this week.
U.S. stock index futures barely budged early Tuesday, with traders eyeing a packed schedule of U.S. data, including retail sales and trade prices. As of 5:24 a.m. ET, Dow E-mini futures ticked up 45 points, or 0.09%; S&P 500 E-minis added 4.75 points, or 0.07%; Nasdaq 100 E-minis inched higher by 5 points, or 0.02%. “It remains to be seen” if investors are piling back into the AI trade after last week’s tech drop, Pepperstone’s Chris Weston said. Reuters
Why it matters now: A backlog of postponed U.S. data is hitting as markets look shaky. Tech and software stocks have been tossed around by fresh AI competition fears, and questions about rate-cut timing have resurfaced.
Retail sales drops first — the critical number. Because consumer spending fuels the bulk of U.S. growth, surprises here usually jolt bond yields and the dollar, spilling over into stocks.
Wall Street clawed back early losses Monday, with tech and software stocks bouncing after last week’s drop. The Dow ticked up 20.20 points, ending at 50,135.87—marking two record closes in a row. S&P 500 closed up 32.52 points at 6,964.82; the Nasdaq jumped 207.46 to 23,238.67. “You’ve a sharply oversold market where a little bit of good news can go a long way,” said Keith Lerner, chief investment officer at Truist Advisory Services. Reuters
Early Tuesday, small-business sentiment offered a muted signal. The NFIB reported its Small Business Optimism Index edged down 0.2 point in January to 99.3. The Uncertainty Index, on the other hand, climbed 7 points to 91. “While GDP is rising, small businesses are still waiting for noticeable economic growth,” said NFIB Chief Economist Bill Dunkelberg. NFIB – NFIB Small Business Association
All eyes will be on 8:30 a.m. ET, when December’s retail sales numbers hit from the Census Bureau. Also dropping right then: the Labor Department’s import and export price indexes for December, giving a snapshot of trade-related inflation.
Another factor here: Treasury supply. The U.S. Treasury is on deck to sell $58 billion in 3-year notes, with bidding kicking off at 1:00 p.m. ET. Yield will set the price, and settlement lands Feb. 17, per the department.
Coming up, a couple of major data points land for traders: the Labor Department will publish its January jobs numbers Wednesday at 8:30 a.m. ET, then January’s CPI inflation follows Friday, same time. That’s per the agency’s official release schedule.
Onsemi shares dropped close to 6% after the bell as the chipmaker came up short on fourth-quarter revenue and laid out a weaker outlook for the first quarter, citing ongoing inventory issues. For the December quarter, revenue landed at $1.53 billion. Looking ahead, Onsemi projected first-quarter sales between $1.44 billion and $1.54 billion.
Kyndryl shares got hammered, tumbling 53% Monday after the IT services firm pushed back a quarterly filing and revealed it’s reviewing its accounting over internal-control lapses. The audit committee is also digging into cash-management procedures, prompted by document requests from the SEC’s enforcement arm. J.P. Morgan slashed its rating to underweight, pointing to a gloomy guidance cut and what it called a “stunning” shake-up in the CFO seat. Reuters
But the immediate risk is clear enough: a surprise in retail sales or trade price data could jolt rate bets, and tech’s bounce might disappear in a hurry. Watch the 3-year auction too—weak demand there could easily add to the pressure.
Markets now look to the 8:30 a.m. ET data release, then the 1:00 p.m. ET 3-year note auction. Once those are out of the way, eyes turn to Wednesday’s jobs report, with Friday’s CPI print rounding out the week’s lineup.
