Morning View

U.S. stock indexes fell on Thursday.

International

The main US stock indices fell yesterday. The S&P 500 fell 1.2%, the Nasdaq fell 1.6%, and the Dow Jones also fell 1.2%. So far this year, the indices have accumulated variations of -0.7%, -3.0%, and +1.8%, respectively. It should be noted that yesterday the JOLTS survey data was released, showing that there were 6,542,000 job vacancies in December, below the 7,250,000 projected by the consensus of analysts. The January employment data from the Bureau of Labor Statistics (BLS) will be released next Wednesday.

Meanwhile, the US Treasury bond yield curve compressed yesterday. The 1-year bond yield closed at 3.40%, down from 3.48% on Wednesday, while the 3-year bond fell from 3.63% to 3.52%. The 10-year bond closed at 4.18%, down from 4.27% previously.

In terms of corporate results, Amazon reported revenues of USD 213.4 billion yesterday (exceeding the USD 211.27 billion forecast) and earnings per share (EPS) of USD 1.95, slightly below the USD 1.96 expected by the market. This morning, Friday, February 6, Toyota reported revenues of USD 85.81 billion (compared to the estimated USD 82.84 billion) and EPS of USD 6.15 (vs. USD 4.36 projected), while Philip Morris reported revenues of USD 10.4 billion and EPS of USD 1.70, exactly in line with analysts' consensus forecasts.

Sources: PUENTE Hnos, Bloomberg

ADP employment data shows 22,000 new jobs in January

International

In the United States, yesterday the ADP agency released its private employment figures, which showed that 22,000 jobs were created during the month, below the 45,000 projected by the consensus of analysts. It should be noted that this survey only measures private job creation, and the official data from the Bureau of Labor Statistics (BLS) will be released this Friday. In turn, the Purchasing Managers' Indices (PMIs) for the service sector for January were also released. According to S&P Global, the measurement was 52.7 points, above the expected 52.5, while according to ISM it was 53.8, also exceeding the expected 53.5. We remind you that a measurement above 50 points implies expansion of activity, and below 50 points implies contraction.

The main US stock indices traded mixed yesterday. The S&P 500 fell -0.5%, while the Nasdaq fell -1.5% and the Dow Jones rose +0.5%. So far in 2026, the indices have accumulated variations of +0.5%, -1.5% and +3%, respectively.

Meanwhile, the US Treasury bond yield curve remained largely unchanged. The 1-year bond yield closed at 3.48%, unchanged from Tuesday, while the 3-year bond yield fell slightly from 3.64% to 3.63%. The 10-year bond closed at 4.28%, just above the previous 4.27%.

In terms of corporate reports, Alphabet and AbbVie exceeded consensus expectations yesterday; Google's parent company reported revenues of USD 113.8 billion (compared to the expected USD 111.4 billion) and earnings per share (EPS) of USD 2.82 (vs. USD 2.64 expected), while the pharmaceutical company reported revenues of USD 16.62 billion and EPS of USD 2.71 (exceeding the estimated USD 16.39 billion and USD 2.65). Finally, after the close of today's session, Amazon's results are expected, for which the market projects record revenues of $211.27 billion and EPS of $1.96.

Source: PUENTE Hnos, Bloomberg