February 03 2026 Trader Market Radar – NYSE Pre-Market Session

SPY Weekly View

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Holiday Radar

No U.S. market holidays pending in the next 7 days.

Earnings Radar

Monitoring for earnings releases by the Magnificent 7, AI-tech-related firms, and major financial institutions.

• MCHP Release: 2026-02-05 T:AMC
• AMZN Release: 2026-02-05 T:AMC
• GOOGL Release: 2026-02-04 T:AMC
• AMD Release: 2026-02-03 T:AMC
• SMCI Release: 2026-02-03 T:AMC

Looking ahead to this week’s earnings calendar, several high-impact tech releases are set to drive US equity index futures. AMD and SMCI report after the close today, with both seen as key AI and data center plays. GOOGL follows tomorrow, with Amazon (AMZN) and Microchip Technology (MCHP) reporting after Thursday’s close. This concentration of major tech and semiconductor earnings, especially from AMD, GOOGL, and AMZN, will likely focus market attention on forward guidance in AI, cloud, and consumer tech. Price action in S&P and Nasdaq futures may remain rangebound with lighter volume until results are in, as markets await clarity before positioning around key stocks. Traders should note the potential for volatility clusters around these reporting times, and the atmosphere may remain muted as participants position ahead of still-pending results from other bellwethers like NVDA and remaining MAG7 names. Overall, markets will likely remain event-driven with headline sensitivity peaking after each release.

For full details visit: Yahoo Earnings Calendar

EcoNews Radar U.S. Events

EcoNews Summary

• Tuesday 10:00 – JOLTS Job Openings (High)
  Closely watched as a leading indicator of labor market strength. A significant deviation from forecast may cause increased index futures volatility, especially if it signals a change in Fed policy expectations regarding wage inflation or employment resilience.
• Wednesday 08:15 – ADP Non-Farm Employment Change (High)
  Sets expectations for Friday’s NFP release, and surprise figures may prompt pre-market index futures movement. Strong data can raise hopes of continued economic resilience, while weak numbers may stoke recession fears.
• Wednesday 10:00 – ISM Services PMI (High)
  One of the most impactful mid-week data points. As services are a large portion of the US economy, significant beats or misses can drive index futures direction, often leading to volatility peaks or reversals shortly after release time.
• Wednesday 10:30 – Crude Oil Inventories (Low; Oil-Relevant)
  Could generate short-term moves in oil-sensitive indices if inventory levels significantly miss expectations, especially if high oil prices persist, amplifying inflation concerns.
• Thursday 08:30 – Unemployment Claims (High)
  Provides a real-time pulse on employment conditions. Large surprises often trigger immediate futures reactions, impacting market sentiment on risk and consumer strength.
• Friday 08:30 – Average Hourly Earnings m/m (High)
  Labor cost inflation insights followed closely due to Fed sensitivity. Unexpected strength or weakness can heavily influence index futures pricing, especially when paired with NFP figures.
• Friday 08:30 – Non-Farm Employment Change (High)
  The primary monthly labor report with high potential to cause outsized moves in S&P, Dow, and Nasdaq futures. Markets respond sharply to surprises, with ripple effects across risk assets.
• Friday 08:30 – Unemployment Rate (High)
  Released with NFP; material deviations from forecast contribute to market direction and may alter bets on Fed policy path.
• Friday 10:00 – Prelim UoM Consumer Sentiment (High)
  Closely watched for outlook on consumer spending and inflation. Positive or negative shocks can drive post-NFP moves or fuel intraday reversals near the 10 AM cycle.
• Friday 10:00 – Prelim UoM Inflation Expectations (High)
  Significant for gauging future inflation pressure. Higher readings may pressure indices lower on policy tightening fears.

EcoNews Conclusion

• This week is heavily concentrated on US labor data, with Friday’s Non-Farm Payrolls and wage information as the pivotal catalyst for market direction.
• Wednesday’s ISM Services PMI and multiple 10:00 AM releases may present increased volatility and potential for intraday reversals or continuations due to the timing.
• Oil inventory numbers hold relevance only if there is notable impact on oil prices, which in turn may influence inflation sentiment across the indices.
• Market momentum and volume may slow into Friday as traders await the major labor data (NFP), with potential bursts of volatility around key release times.

Market News Summary

• U.S.–India Trade Deal: Equity markets in both the U.S. and India responded positively as the two countries reached a trade agreement, with reciprocal tariffs reduced and India’s Nifty 50 surging over 5%. Hopes are rising for renewed foreign inflows into Indian equities.
• U.S. Stock Index Futures: S&P 500 and Nasdaq futures advanced, supported by the trade deal, precious metals rebound, and an upbeat start to the month. Earnings season is intensifying, putting corporate results in focus.
• Oil Markets: Oil initially edged higher as traders absorbed the trade breakthrough, but later softened as U.S.–Iran tensions eased, which removed the fear premium and combined with a stronger U.S. dollar to pressure crude and gas prices toward the lower end of recent ranges.
• Precious Metals & Commodities: Gold and silver suffered major selloffs—silver dropped by as much as 30% at one point, its worst in 45 years—before rebounding as core investor themes held. Gold found firm support near $4,400 and bounced, while precious metals and Asian equities broadly strengthened on trade optimism.
• China: Chinese equities pulled back on regulatory credit tightening and metals weakness, but positive PMI data and ongoing AI-driven growth trends are maintaining a constructive medium-term outlook.
• Europe: European software and tech shares faced sharp selling as new AI models heightened uncertainty regarding business model durability for established firms.
• Saudi Arabia: The Saudi stock market opened to foreign investors as part of a broader reform push intended to boost international investment in the kingdom.
• Macro Themes: Dollar strength continues to affect commodities and global markets. Former Fed officials discussed the complexities of interest rate policy and Federal Reserve independence.
• Notable Corporate Activity: SpaceX is acquiring startup xAI. Oracle’s credit default swaps tightened, indicating reduced perceived credit risk. Microsoft was cited as a contributor to volatility in global assets after a notable market event.
• Market Psychology: Commentary cautioned against overreacting to market ‘tells’ and re-examined the presumed safety of gold and silver during periods of fast-moving trading conditions.

News Conclusion

• Major equity benchmarks in the U.S. and Asia are broadly firmer amid trade optimism and commodity stabilization.
• Oil and gas markets remain range-bound as geopolitical risks recede and the U.S. dollar stays strong, dampening upside momentum.
• Precious metals volatility persists after a dramatic selloff, though recent rebounds hint at persistent investor demand for thematic exposure.
• China’s regulatory tightening and metal market volatility create near-term headwinds, but fundamental growth trends are intact.
• AI and technology remain highly influential, driving sharp sector moves in both the U.S. and Europe as the disruptive impact of new innovations is assessed.
• Broader market sentiment is constructive, though key support levels, earnings reports, and policy developments continue to shape short-term price action.

Market News Sentiment:

Market News Articles: 45

• Positive: 44.44%
• Neutral: 37.78%
• Negative: 17.78%

Sentiment Summary:
Out of 45 market news articles, 44.44% conveyed a positive sentiment, 37.78% were neutral, and 17.78% reflected negative sentiment.

Conclusion:
The overall tone in recent market news leans positive, with the majority of coverage either optimistic or neutral and a smaller proportion expressing negativity.

GLD,Gold Articles: 23

• Neutral: 52.17%
• Negative: 26.09%
• Positive: 21.74%

Sentiment Summary:
The majority of recent news articles about GLD and gold are neutral (52.17%), with a smaller proportion being negative (26.09%) and the remainder positive (21.74%).

This indicates that current media coverage reflects a balanced perspective, with limited clear positive or negative sentiment prevailing in the market-related narratives.

USO,Oil Articles: 11

• Neutral: 54.55%
• Positive: 36.36%
• Negative: 9.09%

Sentiment Summary:
Recent market coverage of USO and oil is largely neutral (54.55%), with a notable proportion of positive sentiment (36.36%) and a small fraction of negative sentiment (9.09%).

This indicates that, among the reviewed articles, most reporting maintains a balanced perspective on USO and oil, though optimistic viewpoints outnumber negative ones.

Market Data Snapshot

ETF Snapshot of major stock market ETFs, Mag7, and others as of: February 3, 2026 07:16

• AAPL 270.01 Bullish 4.06%
• GOOG 344.90 Bullish 1.88%
• AMZN 242.96 Bullish 1.53%
• DIA 494.03 Bullish 1.02%
• IWM 262.18 Bullish 0.97%
• IJH 69.25 Bullish 0.84%
• QQQ 626.14 Bullish 0.69%
• SPY 695.41 Bullish 0.50%
• TLT 86.55 Bearish -0.67%
• META 706.41 Bearish -1.41%
• MSFT 423.37 Bearish -1.61%
• TSLA 421.81 Bearish -2.00%
• NVDA 185.61 Bearish -2.89%
• GLD 427.13 Bearish -4.00%
• USO 75.33 Bearish -5.27%
• IBIT 44.22 Bearish -6.89%

Higher Time Frame Analysis

Summary of the current state of US Indices Futures based on higher time-frame (HTF) technical analysis as of: 2026-02-03: 07:17 CT.

US Indices Futures

• ES: YSFG, MSFG, WSFG all trending up, above key MAs, new swing highs (7043/7024), S/R: 6864/6711, clear uptrend with higher highs/lows, trend continuation phase.
• NQ: YSFG, MSFG, WSFG holding up, price above MAs, swing pivots support higher highs/lows (26,017/24,225), S/R 26,655.5/24,225, strong uptrend, resilient after corrections.
• YM: YSFG, MSFG, WSFG trend up, benchmarks all rising, swing high 49,554, support near 48,505, S/R cluster 49,901–48,482, short-term Bullish, intermediate Neutral, trend remains up.
• EMD: YSFG, MSFG, WSFG trending up, above key MAs, recent high 3,486.6, support 3,371.5, short-term Neutral/dip, intermediate/long-term Bullish, corrective within uptrend.
• RTY: YSFG, MSFG, WSFG strong up, price above MAs, swing high 2,749.9, recent pivot low 2,530.5, S/R 2,671/2,493, short-term Neutral, intermediate/long-term Bullish, broad uptrend.
• FDAX: YSFG, MSFG, WSFG all trend up, price above all MAs, recent corrective DTrend but structure remains bullish, resistance at 25,641, support at 24,818, consolidation near highs.

Overall State

• Short-Term: Neutral to Bullish (minor corrective action in EMD, RTY, YM, FDAX)
• Intermediate-Term: Bullish (YM, FDAX, EMD with some Neutral/transition signals)
• Long-Term: Bullish (all indices maintain strong upward technical bias)

Conclusion

US Indices Futures are exhibiting sustained higher timeframe strength, with YSFG, MSFG, and WSFG all trending upward and price action supported by higher highs and higher lows across ES, NQ, YM, EMD, RTY, and FDAX. All indices trade well above major benchmark MAs, and recent swing pivot analysis supports an ongoing uptrend. Intermediate and long-term HTF structure remains bullish, with minor short-term corrections or consolidations apparent on EMD, RTY, YM, and FDAX. No major technical resistance is evident overhead, and support levels are well defined, indicating the dominant trend remains intact. Directional correlations among indices reinforce the prevailing upward bias, with leading instruments confirming trend continuation scenarios.

Note: Intra-day counter-trend pullbacks or retracements may occur, HTF is context for informational usage and market structure. Glossary: Session Fib Grids periods of YSFG:’Yearly’, MSFG:’Monthly’, WSFG:’Weekly’

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Tech Weekly View

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