US Stock Market Today S&P 500 Futures Climb As Traders Await Key PCE Data

Simply Wall St

Thu, January 22, 2026 at 5:10 AM EST 3 min read

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.

US stock futures are higher this morning, with contracts linked to the broad market up about 0.5%, as investors focus on fresh inflation clues and interest rate expectations. The key inflation gauge the Federal Reserve watches, the PCE index, is expected to rise 0.2% in November, with yearly inflation seen at 2.8%. Put simply, prices are still rising, just not rapidly. At the same time, the 10 year US government bond yield is around 4.25%, a level that shapes mortgage rates and borrowing costs across the economy. The big question for investors is whether this mix of steady inflation and firm borrowing costs favors growth heavy tech stocks or more rate sensitive areas such as housing and real estate.

Use undervalued stocks based on cash flows to quickly see which companies still look reasonably priced before the next inflation print hits.

BioNTech (BNTX) surged 11.78%.
Intel (INTC) jumped 11.72% after a series of analyst upgrades and price target raises.
Sandisk (SNDK) gained 10.63% after Citi and Evercore ISI raised their price targets.

Is Intel still a smart investment or just hype? Read our most popular narrative and get all the answers you need.

Credo Technology Group Holding (CRDO) declined 9.18%.
AST SpaceMobile (ASTS) declined 7.95% after fresh analyst commentary on the outlook.
Reddit (RDDT) declined 6.76% despite recent product and advertising partnership updates.

Look past the noise – uncover the top narrative that explains what truly matters for Credo Technology Group Holding’s long-term success.

Earnings from major industrial, financial and tech names share the spotlight with a closely watched PCE inflation update.

General Electric (GE) reports Q4 2025 on Thursday, providing a broad view of industrial demand and capital spending.
Abbott Laboratories (ABT) posts Q4 2025 results pre market Thursday, highlighting trends in medical devices and diagnostics spending.
Intel (INTC) reports Q4 2025 after the close Thursday, with investors focused on data center traction and capital intensity.
Capital One Financial (COF) releases Q4 2025 results Thursday at 4:05 PM, spotlighting card loan growth, funding costs and credit performance.
SLB (SLB) shares Q4 2025 numbers Friday at 7:00 AM, clarifying upstream spending appetite across global oil and gas projects.