United States stock futures were little changed on Monday night (Tuesday AEDT) after the Dow Jones Industrial Average closed at a fresh all-time high during the regular session, with investors assessing corporate earnings and preparing for a week of key economic data.
By 10:30 am AEDT (11:30 pm GMT) Dow futures, S&P 500 futures, and Nasdaq 100 futures were each trading within a range of ±0.1%.
In extended deals, ON Semiconductor fell 5.1% after reporting fourth-quarter revenue of $1.53 billion, marginally below expectations of $1.54 billion. Earnings per share came in at $0.64, ahead of the $0.62 forecast.
Upwork plunged 24.8% after the online freelance marketplace revealed that active clients totalled 785,000 at the end of 2025, down from 832,000 a year earlier, raising concerns about growth momentum.
Chegg declined 6.7% after posting fourth-quarter adjusted EBITDA of $12.9 million, compared with roughly $37 million in the same period a year ago. Revenue fell 49% year on year to $72.66 million, ahead of $71.03 million expected.
The muted futures trading followed a second day of gains on Wall Street. The Dow rose 0.04%, marking new intraday and closing records. The S&P 500 advanced around 0.5%, while the Nasdaq Composite climbed 0.9%.
Technology stocks led Monday’s rally, extending Friday’s rebound and helping to drive the broader market higher.
Investors appear increasingly confident that last week’s sell-off - sparked by concerns around software stocks and megacap technology names - did not inflict significant technical damage on the market.
Attention now turns to the continuation of earnings season. Coca-Cola is scheduled to report before the market opens on Tuesday, while Hasbro and Spotify are also due to release results.
On the economic front, investors will monitor the latest retail sales data, due Tuesday morning U.S. time (Wednesday AEDT). The January jobs report is set for release on Wednesday (Thursday AEDT), followed by the consumer price index on Friday (Saturday AEDT), all of which could influence expectations for the Federal Reserve’s next policy move.
