Investors Calmed by Trump's Choice of Warsh as Fed Chair, Look Ahead to Inflation Data

07:59 AM EST, 01/30/2026 (MT Newswires) -- US stock futures are tracking lower in Friday's premarket session, but rebounding from earlier levels as investors appear assuaged by President Donald Trump's nomination of former Fed Governor Kevin Warsh to replace Fed Chairman Jerome Powell when his term expires in May.

Investors are also looking ahead to the Producer Price Index reading, which will be released at 8:30 am ET. Analysts are expecting a 0.2% rise for December, the same as the previous month, according to Bloomberg.

The Dow Jones Industrial Average futures were off 0.2%, S&P 500 futures were down 0.3%, and Nasdaq futures were moving 0.4% lower.

Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.69% and 0.60%, respectively.

In equities, shares of La Rosa (LRHC) soared 122%, following a 5.4% loss on Thursday. Adlai Norty's shares (ANL) jumped 54%, adding to an 88% gain the previous session, and shares of Sandisk (SNDK) surged 24% after it reported Q2 earnings and Q3 guidance Thursday that topped Wall Street forecasts.

On the losing side, shares of Brand Engagement Network (BNAI) tumbled 30%, adding to a 16% loss on Thursday. Schneider National (SNDR) shares fell 19% after the company reported Q4 earnings and a 2026 forecast late Thursday that missed analyst forecasts. And shares of MaxLinear (MXL) dropped 12% after a slight gain the previous session.

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