North American Morning Briefing : Stock Futures Drop As Investors Brace for Trump’s Fed Pick

January 30, 2026

OPENING CALL

Stock futures were tracking down after disappointing earnings from Microsoft late in the previous session fueled a wider selloff in tech stocks.

Jefferies said, while it wasn’t in the AI bubble camp, “We do believe that the market will question the return on capital expenditure from the tech companies.”…

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