Stock index futures are trading lower as investors navigate a packed calendar of economic data, Fed commentary, and rising geopolitical tensions. The U.S. has significantly expanded its military presence in the Middle East, deploying advanced fighter jets, carrier groups, and air defense systems in a buildup not seen since 2003. Diplomatic talks with Iran appear strained, as sweeping U.S. demands, including zero nuclear enrichment and snap inspections, are unlikely to gain traction, fueling speculation that military action could be imminent.
Walmart Pulls Back After Cautious Profit Forecast
Walmart (WMT) is down over -2% in premarket trading after issuing full-year EPS guidance of $2.75 to $2.85, below the $2.96 consensus, despite a Q4 earnings beat. Revenue climbed +6% YoY to $190.7B and EPS of $0.74 topped estimates, fueled by +27% U.S. e-commerce growth and expanding higher-margin businesses like advertising and marketplace. Even with steady market share gains and easing inflation commentary, the tempered earnings outlook overshadowed an otherwise solid quarter.
Carvana Sinks Despite Record Top-Line Growth
Carvana (CVNA) is down over -9% in premarket trading even after posting record retail unit sales and +58% YoY revenue growth to $5.6B, ahead of expectations. EBITDA of $511M fell short of forecasts, and headline earnings were lifted by a sizable tax-related benefit, raising questions about underlying profitability amid higher reconditioning costs. Management reiterated strong unit and EBITDA growth targets for the year, but concerns around margin durability and earnings quality pressured the stock.
DoorDash Rallies on Strong Order Growth
DoorDash (DASH) is up over +7% in premarket trading, as strong order growth and upbeat guidance overshadowed headline misses on revenue and EPS. Total orders jumped +32% to 903M and marketplace GOV rose +39% to $29.7B, both ahead of expectations, while Q1 guidance for GOV and EBITDA came in above estimates. Management emphasized ongoing investment in new categories, international expansion, and its global tech platform as key growth drivers.
Figma Jumps on Accelerating AI Adoption
Figma (FIG) is up over +8% in premarket trading after reporting a strong Q4 and issuing guidance well above expectations. Revenue rose +40% YoY to $303.8M, while Q1 guidance of $315M to $317M exceeded consensus forecasts. Customer spending remained resilient, with net dollar retention climbing to 136% as adoption of its AI-powered Figma Make tool broadened across larger accounts.
