S&P 500 Futures Rise in Pre-Market Trading; Joby Aviation and Las Vegas Sands Underperform
Stock Market Opening: U.S. stock markets are set to open in two hours.
IBM Performance: International Business Machines Corp. (IBM) saw a 9.5% increase in pre-market trading.
Meta Platforms Performance: Meta Platforms Inc. (META) experienced an 8.8% rise in pre-market trading.
Market Sentiment: The significant gains for both companies indicate positive market sentiment ahead of the market opening.
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- Overbought Signals: As of February 3, 2026, Matson Inc, CH Robinson Worldwide Inc, and Energous Corp have all reported Relative Strength Index (RSI) values exceeding 70, indicating a significant overbought condition that could lead to price corrections in the short term, prompting caution among investors.
- Market Dynamics: The RSI serves as a momentum indicator by comparing the strength of a stock's price increases to its declines, helping traders assess short-term performance; the current overbought status may influence trading decisions, particularly for momentum-focused investors.
- Sector Impact: The performance of these overbought stocks could trigger a reevaluation of the industrial sector, with investors potentially shifting their focus to other undervalued stocks, thereby affecting overall capital flows within the industry.
- Investor Caution: Benzinga Pro highlights that overbought conditions typically signal potential price corrections, urging investors to consider this risk when making trading decisions to avoid losses amid market volatility.
- Microsoft's Disappointing Earnings: Microsoft shares plummeted over 10% due to underwhelming growth in its cloud business and higher-than-expected expenses, putting pressure on the overall market, particularly tech stocks.
- Meta's Strong Rebound: Meta Platforms' stock surged more than 10% after reporting Q4 revenue of $59.89 billion, exceeding expectations, with Q1 revenue forecasted between $53.5 billion and $56.5 billion, significantly above the $51.27 billion consensus.
- Energy Stocks Benefit: WTI crude oil prices jumped over 3% to a 4.25-month high as President Trump called for negotiations with Iran on a nuclear deal, boosting energy producers' stock prices.
- Economic Data Impact: US weekly initial unemployment claims fell to 209,000, indicating a slightly weaker labor market, while continuing claims dropped to 1.827 million, showing a stronger labor market, influencing market sentiment.
- Microsoft's Earnings Decline: Microsoft shares plummeted over 12% after reporting disappointing cloud business growth, significantly impacting the broader market, particularly technology stocks.
- Meta Platforms' Strong Rebound: Meta Platforms' stock rose more than 7% after reporting Q4 revenue of $59.89 billion, exceeding market expectations, thus providing a positive influence on the market.
- Surge in Energy Prices: WTI crude oil prices increased by over 3% to a 4.25-month high, driven by President Trump's call for a nuclear deal with Iran, boosting energy producers' stock prices.
- Unemployment Claims Data: Initial jobless claims in the US fell by 1,000 to 209,000, indicating a slightly weaker labor market, while continuing claims dropped to a six-month low, suggesting overall market strength.
- Tech Earnings Impact: The S&P 500 index fell 0.41% amid mixed earnings results from tech giants, with Microsoft sinking over 10% due to disappointing cloud growth, highlighting market sensitivity to tech performance.
- Oil Price Surge: WTI crude oil prices rose more than 4% to a 4.25-month high as President Trump called for negotiations with Iran on a nuclear deal, boosting energy producers' stock prices and reflecting geopolitical impacts on the energy market.
- Unemployment Claims Data: US weekly initial unemployment claims fell by 1,000 to 209,000, indicating a slightly weaker labor market, while continuing claims dropped to a six-month low of 1.827 million, suggesting relative strength in the labor market that may influence future economic policies.
- Widening Trade Deficit: The US trade deficit for November widened to $56.8 billion, exceeding expectations of $44 billion and marking the largest deficit in four months, potentially raising concerns about slowing economic growth.

Stock Market Opening: U.S. stock markets are set to open in two hours.
IBM Performance: International Business Machines Corp. (IBM) saw a 9.5% increase in pre-market trading.
Meta Platforms Performance: Meta Platforms Inc. (META) experienced an 8.8% rise in pre-market trading.
Market Sentiment: The significant gains for both companies indicate positive market sentiment ahead of the market opening.
- Market Share Growth: Despite weak global freight demand, C.H. Robinson achieved a 1% total volume increase and approximately 3% truckload volume growth year-over-year in Q4, demonstrating the company's resilience and ongoing market share gains in a challenging environment.
- Cost Optimization Success: Q4 personnel expenses totaled $337 million, with an 8.2% year-over-year decrease when excluding restructuring charges, reflecting the company's continued productivity improvements and cost optimization efforts, which enhance operational leverage and profitability.
- Technology Strategy Advancement: The company is accelerating the implementation of Lean AI, emphasizing control over its proprietary AI agents, which is expected to enhance integration speed and customer value, thereby driving future business growth and competitive advantage.
- 2026 Outlook: Personnel expenses for 2026 are projected to range between $1.25 billion and $1.35 billion, with expectations for double-digit productivity improvements, indicating strong confidence in future growth while maintaining a $6 EPS target.










