Stock Market Updates: Futures Steady as Major Bank Earnings are Announced

Reported about 2 hours ago

US stock futures remained relatively unchanged on Friday as major banks kicked off earnings season, with investors assessing the potential effects of inflation data on Federal Reserve policies. The Dow Jones Industrial Average futures experienced slight losses, while S&P 500 and Nasdaq 100 futures also dipped marginally. JPMorgan Chase reported a profit decline despite strong investment banking performance, whereas Wells Fargo's shares surged nearly 4% after revealing a drop in net interest income and profit. Investors are closely watching upcoming inflation data and its implications for Federal Reserve interest rate decisions.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis