US Stock Market Today S&P 500 Futures Fall As Rate Cut Doubts Linger

The Morning Bull – US Market Morning Update Monday, Jan, 12 2026

US stock futures are pointing lower this morning, with S&P 500 contracts down about 0.8% and Nasdaq 100 futures off more than 1.1%, as investors weigh cooling jobs data against stubborn inflation expectations. December payrolls rose by 50,000 and unemployment sits at 4.4%, which suggests the job market is slowing but not collapsing. At the same time, the 10 year US Treasury yield is hovering near 4.2%, reflecting doubts about how soon the Federal Reserve will cut rates. That puts interest rate sensitive areas like housing and high growth tech in the spotlight, as investors ask whether slower hiring will be enough to ease borrowing costs without hurting earnings too much.

With rate cuts uncertain and growth stocks under pressure, many investors are quietly rotating toward dividend stocks with yields > 3% before yields compress.

Top Movers

• Sandisk (SNDK) jumped 12.81% after multiple analysts raised price targets on strong NAND pricing trends.
• Intel (INTC) climbed 10.80% on optimism around its planned handheld gaming platform using Panther Lake chips.
• Regencell Bioscience Holdings (RGC) gained 10.55%.

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

Top Losers

• Strategy (MSTR) fell 5.77%.
• Las Vegas Sands (LVS) slipped 4.77% as casino names eased after recent strength.
• CoStar Group (CSGP) declined 4.68% after several firms cut price targets following new 2026 guidance.

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

On The Radar

Big US banks kick off earnings over the next few days, giving you an early read on credit and fee trends.

• US Mega Bank Earnings: JPMorgan Chase (JPM) reports Q4 2025 on Tuesday, spotlighting loan demand, credit quality and fee income.
• Custody and Asset Servicing: Bank of New York Mellon (BK) posts Q4 2025 on Tuesday, highlighting market sensitive servicing and investment fees.
• Money Center Banks: Wells Fargo (WFC) shares Q4 2025 on Wednesday, clarifying net interest income trends and expense discipline.
• US Consumer Banking Pulse: Bank of America (BAC) reports Q4 2025 on Wednesday, focusing on card spending, deposits and credit losses.
• Global Banking and Markets: Citigroup (C) posts Q4 2025 on Wednesday, shedding light on trading revenue and international credit costs.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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