Morning Market Preview — February 6, 2026
Markets open mixed as investors remain selective, with tech leadership intact and breadth still the key signal to watch.
Market Setup
U.S. equity futures are modestly mixed this morning as markets continue to digest recent moves and head into the end of the week. Leadership remains concentrated in large-cap technology, while investors remain cautious about chasing breadth until participation improves.
Macro & Rates
Treasury yields are little changed in early trade as markets remain comfortable with the current Federal Reserve outlook. With no major macro surprises overnight, focus stays on earnings follow-through and positioning into next week’s data.
What to Watch Today
- Follow-through (or lack thereof) in mega-cap tech
- Market breadth and advance/decline trends
- Any late-week positioning into the close
- Volatility behavior heading into the weekend
Market Tone
Calm and selective. Risk appetite remains intact, but conviction continues to favor earnings-supported leaders rather than broad market exposure.
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