US EQUITY OPEN: Stocks green after NFP as eyes turn to potential opinions on tariffs from SCOTUS

OPEN: Stocks have opened in the green with Russell continuing to outperform. Sectors are green, with Utilities outperforming +1.5% as nuke stocks rally after Meta (META) announced it is to buy power from three Vistra (VST) plants in the US. Consumer Discretionary lags, but is unchanged on the session. T-notes are lower on the session with yields rising after the NFP report, albeit it was a choppy reaction. The data didn't scream of any sharp deterioration in the labour market with the headline NFP at 50k, albeit short of the expected 60k, while the unemployment rate dipped to 4.4% from 4.6% (prior revised down to 4.5%).  The Dollar is firmer on the session, seeing two-way trade around the data. The Yen is lagging after reports that PM Takaichi is considering dissolving the lower house, with a lower house election likely in early or mid-February, according to Yomiuri. Oil prices are gaining, as are metal prices. Attention turns to the potential opinions from the Supreme Court on Trump's tariffs at the top of the hour.

• Vistra (VST): Meta to buy power from three VST plants in the US.
• Oklo (OKLO): META to help develop SMRs planned by Oklo.
• Revolution Medicines (RVMD): Merck (MRK) is reportedly in talks to RVMD for $28–32B.
• Insmed (INSM): FY25 revenue guidance topped expectations.
• WD-40 (WDFC): Profit & revenue missed.
• AXT (AXTI): Cut Q4 revenue view.
• Qualcomm (QCOM): Downgraded at Mizuho to 'Neutral' from 'Outperform'.
• CrowdStrike (CRWD): Upgraded at Berenberg to 'Buy' from 'Hold'.