Dow Jones Futures Rise; Cisco, McDonald's, AppLovin Lead Earnings Movers

2026-02-14 03:12:36

Dow Jones futures rose slightly early Thursday, along with S&P 500 futures and Nasdaq futures. Cisco Systems (CSCO), McDonald’s (MCD) and AppLovin (APP) headlined earnings after the close.

The stock market rally was narrowly mixed Wednesday. Stocks faded after opening modestly higher on a surprisingly strong jobs report.

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Apple (AAPL) is nearing an early entry, quietly becoming the best-looking Magnificent Seven stock as Google-parent Alphabet (GOOGL) slides with other big-spending hyperscalers.

Google stock is on Leaderboard. The video embedded in the article reviews Wednesday’s market action and analyzes Apple stock, Google and Delta Air Lines (DAL).

Dow Jones Futures Today

Dow Jones futures were 0.3% above fair value, with McDonald’s and Cisco both Dow components. S&P 500 futures climbed 0.3%. Nasdaq 100 futures advanced 0.3%.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Futures: Two Tech Giants Jump Late After AI Fears Grip Market

Cisco, Other Key Earnings

Cisco stock fell sharply in overnight action, signaling a move back into a buy zone. Cisco topped fiscal Q2 views. The networking giant guided higher on revenue but only in line for earnings.

McDonald’s stock edged higher in extended trade after closing just below a breakout but above some early entries. The fast-food giant topped views on solid same-store sales

AppLovin stock declined sharply before the open despite beating views and guiding higher on Q1 revenue. APP stock has tried to bounce recently but is still below key moving averages.

Early Thursday, Howmet Aerospace (HWM) bet EPS views with accelerating sales growth. Howmet stock rose modestly, already at record highs.

AI data center play Nebius (NBIS) reported a net loss and a 547% revenue gain that still missed views. Nebius stock rose solidly, near its 50-day line.

Chip-equipment maker Nova (NVMI) slightly beat Q4 views and guided up for Q1. NVMI stock fell solidly before the open.

A 3-Step Investing Routine

Stock Market Rally

The stock market rally had a quiet day on the major indexes, but there was plenty of activity beneath the surface.

The Dow Jones Industrial Average fell 0.1% in Wednesday’s stock market trading. The S&P 500 index lost less than one point. The Nasdaq composite dipped 0.2%. The small-cap Russell 2000 declined 0.4%, bouncing off its 21-day line. The Dow Jones, S&P 500 and Russell 2000 are near highs, while the Nasdaq is still below its 50-day moving average.

The Invesco S&P 500 Equal Weight ETF (RSP) edged up 0.2%, hitting yet another high.

There were a large number of big earnings winners (SharkNinja (SN), Vertiv (VRT), Terex (TEX), Lattice Semiconductor (LSCC) and Tenet Healthcare (THC)) and losers (Robinhood (HOOD), Astera Labs (ALAB))

Apple stock edged up 0.7%, closing off intraday highs but working on a handle to its cup base. Google stock sank 2.4%, reversing from its 50-day line to its lowest close of 2026.

Chip stocks, notably semiconductor-equipment and memory plays, were strong. So were energy stocks, with industrials also doing well. Software resumed a sell-off while crypto plays slumped. Travel stocks, which had been thriving, had a rough outing. AI disruption fears continued to hit wealth management firms. High-beta aerospace stocks tumbled, including Karman (KRMN).

U.S. crude oil prices climbed 1.05% to $64.63 a barrel.

The 10-year Treasury yield rose three basis points to 4.17%, ending a four-session slide as the jobs report pushed back Fed rate cut hopes.

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ETFs

Among growth ETFs, the Innovator IBD 50 ETF (FFTY) jumped 2.35%. The iShares Expanded Tech-Software Sector ETF (IGV) slumped 2.55%. The VanEck Vectors Semiconductor ETF (SMH) popped 2.5%.

ARK Innovation ETF (ARKK) slumped 1.9% and ARK Genomics ETF (ARKG) gave up 1.3%.

SPDR S&P Metals & Mining ETF (XME) rose 0.5%. U.S. Global Jets ETF (JETS) descended 3.3%, with Delta stock a big holding. SPDR S&P Homebuilders ETF (XHB) edged up 0.2%. The Energy Select SPDR ETF (XLE) rallied 2.6% and the Health Care Select Sector SPDR Fund (XLV) climbed 0.6%.

The Industrial Select Sector SPDR Fund (XLI) was up 0.5%. The Financial Select SPDR ETF (XLF) slumped 1.5%.

Best Growth Stocks To Buy And Watch

What To Do Now

A stock market pause for a couple of days is fine, though it would be nice to see the Nasdaq get above its 50-day line. It wouldn’t take much for the S&P 500 to hit a new high or undercut the 50-day line.

Investors can try incremental buys, but don’t get too aggressive and have exit strategies. Travel stocks’ headwinds Wednesday reflect the challenging environment for new positions. There’s nothing wrong with taking little action in a sideways market, especially if you’re already heavily invested.

Keep working on watchlists.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

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