Traders work on the floor of the New York Stock Exchange (NYSE) on Jan. 28, 2026 in New York City.
Spencer Platt | Getty Images
Futures linked to the S&P 500 traded rose Monday night after U.S. equities posted a strong start to the new trading month.
S&P 500 futures added 0.2%, while Nasdaq 100 futures gained nearly 0.4%. Futures tied to the Dow Jones Industrial Average advanced 11 points, or less than 0.1%.
Shares of Palantir Technologies jumped about 6% in extended trading after the defense tech company gave strong fourth-quarter financial results and upbeat guidance. Robotics play Teradyne surged 20% after posting a solid outlook for the first quarter, calling for revenue that surpassed expectations.
Major stock averages rose across the board in the regular session. The 30-stock Dow jumped about 515 points, or 1.05%. The S&P 500 advanced 0.5%, and the tech-heavy Nasdaq Composite gained almost 0.6%. Hot artificial intelligence infrastructure stocks Sandisk, Western Digital and Seagate all ended the session higher. However, Nvidia fell nearly 3% after The Wall Street Journal reported late last week that the chip company’s plans to invest in OpenAI have stalled.
In cryptocurrencies, bitcoin dropped to its lowest level since April, signaling investors’ decreasing appetite for risk. Futures tied to silver and gold also settled lower on Monday. The metals sold off hard on Friday.
Investors this week are digesting more than 100 S&P 500 companies reporting earnings results. Advanced Micro Devices and Pfizer are among those expected to post results on Tuesday. “Magnificent Seven” giants Amazon and Alphabet are slated to report later this week. Tech earnings will be in focus as investors look for signs of AI-driven efficiency and profit growth, particularly after the market’s unforgiving reaction to Microsoft’s results last week.
“The themes that have been driving risk assets higher — the Federal Reserve obviously not tightening rates, probably reducing rates a little bit more this year, the strong economy and profit backdrop and the tariff story not getting worse … you still have those tailwinds in place,” Solus Alternative Asset Management strategist Dan Greenhaus said Monday on CNBC’s “Closing Bell.” “The AI story is still driving markets.”
“I think when you put all of that together, you might get a little more volatile in February, but what’s driving the market is still there,” Greenhaus added.
Elon Musk’s SpaceX acquires xAI to prepare for possible IPO
Elon Musk’s rocket manufacturer SpaceX will be merging with his artificial intelligence startup xAI ahead of an initial public offering for the combined entity.
The billionaire announced the deal on in a blog post on Monday. “In the long term, space-based AI is obviously the only way to scale,” he wrote.
Together, the two companies are valued at $1.25 trillion, Bloomberg reported.
Read more about the xAI and SpaceX deal from CNBC’s Ari Levy and Lora Kolodny here.
—Darla Mercado
Alphabet-owned Waymo announces $16 billion funding round
Alphabet‘s self-driving car unit Waymo on Monday said it raised a $16 billion funding round that values the company at $126 billion “post-money.”
The new funding is the latest move by Alphabet to fund Waymo’s continued expansion to more markets.
The new valuation is more than double what Waymo notched after its last funding round in October 2024. That was a series C round of $5.6 billion at a $45 billion valuation. Alphabet committed $5 billion in a multiyear investment to Waymo at the time.
″This milestone is built on a foundation of safety that is now statistically superior to human driving,” Waymo co-CEOs Tekedra Mawakana and Dmitri Dolgov wrote in a blog post. “We are no longer proving a concept; we are scaling a commercial reality.” More here.
— Jennifer Elias
Palantir and NXP Semiconductors are among the stocks moving in after-hours trading
Check out the companies making headlines in after-hours trading.
- Palantir Technologies — The software analytics company saw its stock jump nearly 5% after reporting a beat on top and bottom lines. Palantir posted adjusted earnings of 25 cents per share, beating analysts’ expectations of 23 cents per share, according to LSEG estimates. Its revenue of $1.41 billion also flew past the $1.33 billion estimate.
- NXP Semiconductors — Shares slid nearly 6%. NXP said that it sees first-quarter non-GAAP gross margin coming in at 57.0%, in line with the StreetAccount consensus estimate. The guidance overshadowed beats on the top and bottom lines in the fourth quarter.
- Teradyne — The robotics stock popped 20% after Teradyne issued rosy guidance for the current quarter. The company called for revenue of $1.15 billion to $1.25 billion in the first quarter, while analysts polled by LSEG sought $935 million. Fourth-quarter results also topped estimates: Teradyne reported adjusted earnings of $1.80 per share on revenue of $1.08 billion. Analysts were looking for $1.37 per share on revenue of $973 million.
Read here for the full list.
— Pia Singh
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