US Stock Market Today S&P 500 Futures Slip As Higher Rate Pressures Linger

Simply Wall St

Fri, January 23, 2026 at 5:12 AM EST 3 min read

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US stock futures are slightly softer this morning, with S&P 500 contracts edging lower by around 0.1%, as investors weigh higher borrowing costs against signs of healthier global growth. The US 10 year Treasury yield is sitting near 4.24%, which means mortgages, credit cards and corporate borrowing remain relatively expensive. At the same time, fresh business surveys from Japan and Germany are above the 50 mark, a level that signals expansion and steadier demand for exporters and manufacturers. The key question now is whether stronger global activity justifies these higher rates, which keeps interest sensitive areas like real estate, smaller companies and utilities firmly in focus for investors.

Higher rates do not have to sideline your plans. Start filtering for undervalued stocks based on cash flows before opportunities tighten.

• AST SpaceMobile (ASTS) jumped 12.43% after setting February launch timing for its BlueBird 7 satellite mission.

• Arista Networks (ANET) gained 8.74%.

• Hecla Mining (HL) advanced 8.34%.

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

• Abbott Laboratories (ABT) declined 10.04% after quarterly earnings showed much lower net income versus last year.

• General Electric (GE) fell 7.38% following full year earnings, with investors reassessing expectations.

• Huntington Bancshares (HBAN) slipped 6.02% after earnings, credit quality data and dividend updates.

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

The next few days tilt toward US manufacturing signals, with energy services earnings adding company specific color.

• Energy Services Earnings: SLB (SLB) reports Q4 2025 results today, providing insight into oilfield services spending.

• Regional Banking: First Citizens BancShares (FCNCA) posts Q4 2025 results today, spotlighting credit quality and deposit trends.

• Oilfield Services: Baker Hughes (BKR) reports Q4 2025 results on Sunday, useful for signals on capital expenditure and drilling appetite.

• US Manufacturing Orders: Durable Goods Orders arrive Monday, with November data informing views on equipment demand.

• Factory Pulse: Dallas Fed Manufacturing Index on Monday tracks activity and pricing pressures in a key industrial region.