Situs Slot Gacor Slot Gacor Gampang Menang Situs Slot Gacor https://gms.dpe.go.th/mobile/public/admin/ckfinder/plugins/fileeditor/situs-judi-slot-terbaik-dan-terpercaya-no-1/ http://portalsewa.mais.gov.my/img/icons/largest/slot-online-gacor-terbaru/ https://new.c.mi.com/th/post/340006/SBOBET__Agen_Judi_Bola_Online_SBOBET88_Resmi_Indon https://new.c.mi.com/th/post/338489/SBOBET__Agen_Bola_Resmi_Layanan_Taruhan_Online_Ter https://new.c.mi.com/th/post/338479/Agen_SBOBET_Indonesia_Terpercaya__Link_Daftar_SBOB https://new.c.mi.com/th/post/338474/Situs_Judi_Bola_Online_Sbobet_dan_Agen_Bola_Terper https://new.c.mi.com/th/post/737547/SBOBET__AGEN_SBOBET_INDONESIA_LOGIN_MOBILE_ONLINE_ https://new.c.mi.com/th/post/735520/SBOBET__Link_Bandar_Sbobet88_Indonesia_Terpercaya_ https://new.c.mi.com/th/post/738763/DAFTAR_SBOBET_88_BOLA_TERMURAH_DAN_TERLENGKAP_BERS https://new.c.mi.com/th/post/735126/SBOBET_MOBILE__Daftar_Judi_Bola_Online__SBOBET88_C https://new.c.mi.com/th/post/737542/SBOBET__Daftar_Judi_Bola_Online__SBOBET88_Casino__ https://new.c.mi.com/th/post/733494/Agen_SBOBET_Indonesia_Terpercaya__Link_Daftar_SBOB
Business

Equity futures are higher ahead of big bank earnings




Wall Street will open in the red ahead of big bank earnings

Stock futures ticked up on Friday as investors turned their attention to big bank earnings after the major averages staged a historic turnaround.

Futures tied to the Dow Jones Industrial Average rose 110 points, or 0.37%. S&P 500 futures rose 0.3%, and Nasdaq 100 futures rose 0.2%.

JPMorgan Chase, Wells Fargo, Morgan Stanley and Citigroup are all due to report before the bell.

Dow member UnitedHealth also posted quarterly results Friday, with earnings and revenue beating expectations. UnitedHealth shares ticked up 0.8%.

The reports come the day after the market made a massive comeback. The Dow ended Thursday’s session at 827 points after falling more than 500 points to start the day. The S&P 500 rose 2.6% to snap a six-day losing streak, and the Nasdaq Composite jumped 2.2%.

The moves followed the release of the consumer price index, a key US inflation reading, which was warmer than expected for the month of September. Initially, this weighed on markets as investors prepared for the Federal Reserve to continue with its aggressive rate hike plan. However, they later retracted these concerns.

“The best excuse for today’s bounce is ‘sell the news’ coupled with very negative sentiment/positioning,” said Ross Mayfield, investment strategy analyst at Baird. not the short-term path of the Fed (which was already quite hawkish).”

Still, persistent inflation remains a problem for the Fed and for investors’ concerns about the central bank’s policy tightening.

“The turnaround is a welcome respite for investors, but the market still requires greater clarity about the extent of tightening that remains ahead,” said Brian Levitt, global market strategist at Invesco. “The focus remains on the pace of inflation and the underlying strength of the labor market. A market rally is likely to start when the market believes that a Fed tightening pause is in the offing.”

There is still more economic data this week as well. September’s retail sales come out at 8:30 a.m. ET. Later in the morning, investors look forward to the latest consumer sentiment figures from the University of Michigan.



Source link

Back to top button