US Stock Market Today S&P 500 Futures Edge Higher As Rate Tension Builds

Simply Wall St

Thu, January 29, 2026 at 5:12 AM EST 3 min read

Find your next quality investment with Simply Wall St’s easy and powerful screener, trusted by over 7 million individual investors worldwide.

US stock futures are pointing higher this morning, with E-mini S&P 500 contracts up about 0.25% and Nasdaq-100 futures ahead by roughly 0.3%, as investors weigh firm bond yields against easier global rate signals. The US 10 year Treasury yield is holding near 4.25% to 4.3%, which keeps borrowing costs elevated for mortgages and many businesses. At the same time, central banks in Sweden, Canada and Brazil are all keeping rates steady, and Singapore has lifted its inflation outlook to 1% to 2% for 2026, reinforcing the idea that inflation progress is uneven. The big question for investors now is whether stock markets can stay supported while borrowing costs stay relatively high. This creates a tension that puts rate sensitive areas like housing and real estate funds on one side of the seesaw and growth heavy sectors such as technology and smaller companies on the other, as they react to any hint of future policy moves.

With rates staying firm and growth stocks on that seesaw, our undervalued stocks based on cash flows could help you spot opportunities before others react.

Seagate Technology Holdings (STX) surged 19.14% after multiple banks sharply raised their price targets and issued guidance.
Intel (INTC) jumped 11.04% on reports of new chip collaborations and several recent price target boosts.
Western Digital (WDC) gained 10.70% after an analyst raised its price target following recent hard drive sector coverage.

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

Carvana (CVNA) fell 14.17% after Gotham City Research alleged Carvana earnings were overstated by over US$1b.
Amphenol (APH) declined 12.20% following earnings, guidance and an update on its ongoing share repurchase activity.
Cloudflare (NET) dropped 10.23%.

Sharp moves like these can reshape risk and reward quickly, and undervalued stocks based on cash flows may help you systematically compare yesterday’s losers against their cash flow profiles before you make your next move.

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

Earnings from major US telecom, energy and payments groups line up alongside fresh global growth signals investors track closely.

Telecom and media earnings: Comcast, Charter Communications and Verizon Communications report Thursday and Friday, spotlighting subscription trends and capital spending.
Energy majors: Exxon Mobil reports Friday, alongside recent US crude inventory figures for a fuller energy read.
Defense and industrials: Lockheed Martin, L3Harris Technologies and Caterpillar report Thursday, highlighting demand tied to infrastructure and defense budgets.
Payments and card spending: Visa and American Express update Thursday and Friday, offering fresh signals on consumer and business transaction volumes.
Saudi Arabia GDP Growth Rate YoY Prel prints on Sunday, providing a weekend read on Q4 activity in a key oil producer.