March S&P 500 E-Mini futures (ESH26) are up +0.11%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.01% this morning, steadying after yesterday’s tech-led selloff, while investors await the U.S. ADP employment report and a slew of corporate earnings reports, with a particular focus on results from “Magnificent Seven” member Alphabet.
In yesterday’s trading session, Wall Street’s major indexes ended in the red. Data services and software stocks plummeted after AI firm Anthropic released an automation tool for lawyers, with Thomson Reuters Corp. (TRI) tumbling over -15% and EPAM Systems (EPAM) plunging more than -12%. Also, chip stocks sank, with Micron Technology (MU) sliding over -4% and Marvell Technology (MRVL) falling nearly -4%. In addition, Gartner (IT) cratered over -20% and was the top percentage loser on the S&P 500 after the research and consulting firm issued disappointing FY26 guidance. On the bullish side, Palantir Technologies (PLTR) climbed over +6% after the data analytics company posted upbeat Q4 results as well as issued Q1 and FY26 revenue guidance that smashed Wall Street expectations.
