"Stock Futures Drop as Inflation Data Looms and Bitcoin Surges: Market Update"

Stock futures fell as Wall Street awaited the Federal Reserve's preferred inflation gauge, with Dow Jones Industrial Average slipping 0.2% and S&P 500 and Nasdaq 100 futures edging down. Salesforce and Snowflake reported weak revenue guidance, while Okta saw a 23% increase on strong results. Wall Street is anxiously awaiting the personal consumer expenditures reading for January, and the back end of earnings season continues with results from Best Buy, Hewlett Packard Enterprises, and Bath & Body Works. The Dow is on track for its first four-month winning streak since May 2021, and Snowflake, Duolingo, and Okta were among the stocks making significant moves after the bell.