5 Things to Know Before the Stock Market Opens

Stock futures are little changed as investors evaluate a new slate of earnings reports and await the release of important data on the U.S. labor market; the January jobs report, due this morning, is expected to show that employers added slightly more jobs last month than in December; Mattel stock is plunging after the Barbie maker’s fourth-quarter results and profit outlook disappointed; Lyft shares are also down after it reported slower ride growth than expected; and Robinhood stock is losing ground after the trading platform reported disappointing revenue growth. Here’s what you need to know this morning.

Stock Futures Hold Steady Ahead of Jobs Data

Stock futures are holding steady this morning after another batch of earnings reports, as investors prepare for the release of the highly anticipated January jobs report. Futures tied to the Dow Jones Industrial Average, the S&P 500 and the tech-heavy Nasdaq were each up 0.1% recently. The major indexes had a mixed day on Tuesday, with the Dow closing at an all-time high for the third day in a row, while the S&P 500 and Nasdaq each ended lower. Gold futures were up 1.7% recently at around $5,120 an ounce, while oil futures surged more than 2% to $65.40 per barrel. Bitcoin is slumping again after recovering some of the ground it lost during a sell-off last week; the cryptocurrency was at $67,200, down from yesterday’s high of near $70,000. The yield on the 10-year Treasury note, which affects borrowing costs on a wide array of consumer loans, ticked lower to 4.14% and was trading near its lowest levels of 2026.

January Jobs Report Due Out This Morning

Investors are awaiting a vital piece of economic data this morning, with the January jobs report scheduled to be released at 8:30 a.m. ET. Originally set for release last week, the report was delayed by a short government shutdown. The U.S. economy is expected to have added about 55,000 jobs in January, up from 50,000 in December, while the unemployment rate is expected to stay flat at around 4.4%. The report will also likely include revisions for the last few months of jobs data, including a final version of the preliminary report released last September that said the economy actually added nearly 1 million fewer jobs than what was reported between March 2024 and March 2025. The jobs data, along with the inflation report due out on Friday, will each serve as important factors in what the Federal Reserve decides to do with interest rates in the months to come. The Fed aims to keep a lid on inflation while improving a job market that has shown signs of weakness.

Mattel Stock Plummets on Weak Results, Outlook

Mattel (MAT) shares are plunging after the toy maker’s results and profit outlook came in short of Wall Street expectations. The maker of Barbie, Hot Wheels and dozens of other toy brands said after the bell Tuesday that it earned an adjusted 39 cents per share in the fourth quarter on $1.77 billion in revenue, each below the analyst consensus compiled by Visible Alpha. While sales and profits grew in the fourth quarter, Mattel posted declines in sales and adjusted EPS for the full year. For 2026, Mattel said it expects sales to grow by 3% to 6%, roughly in line with expectations, while adjusted EPS is projected to decline to between $1.18 and $1.30 from $1.41 in 2025, a surprise as analysts had forecast growing profits for 2026. Mattel shares were down nearly 30% in recent premarket trading, on track to hit their lowest level since last April.

Lyft Stock Sinks as Results Miss Expectations

Shares of Lyft (LYFT) are also tumbling this morning after the ridesharing giant’s fourth-quarter revenue and several user metrics came in below expectations. Lyft said Tuesday afternoon that it generated $1.59 billion in revenue on $5.07 billion in gross bookings, along with reporting 243.5 million rides across 29.2 million active riders. Each metric came in below the analyst consensus compiled by Visible Alpha. Lyft’s net income came in well above estimates thanks to a one-time tax benefit, but the company posted an operating loss of $188.37 million, while analysts had forecast a $32 million operating profit. Lyft shares, which through Tuesday’s close were flat over the past 12 months, fell more than 15% ahead of the opening bell.

Robinhood Falls on Sluggish Revenue, Trading Activity

Robinhood (HOOD) shares are slumping as well this morning after the online brokerage posted fourth-quarter results that included lackluster growth. Robinhood’s revenue grew to $1.28 billion, while transaction-based revenue came in at $776 million and it reported $324 million in total platform assets, all three metrics falling short of analysts’ estimates. Earnings per share of 66 cents came in 4 cents above estimates. The stock has had a rough few weeks as its ties to the crypto markets have weighed on sentiment amid a sell-off for bitcoin. Robinhood shares were down 8% recently.