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Dow futures tick lower, bank earnings in focus

Published Jul 13, 2023 07:22PM ET
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Investing.com - U.S. stock futures were slightly lower Thursday evening, following a positive session among major benchmark averages as investors braced for earnings results from major financial companies set for release on Friday morning.

By 6:45pm ET (10:45pm GMT) Dow Jones Futures ticked 0.1% lower while S&P 500 Futures and Nasdaq 100 Futures traded flat.

Ahead in Friday's session, investors will be monitoring import and export price index data as well as preliminary Michigan consumer sentiment and expectations surveys.

Among earnings, major financial companies including JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), BlackRock Inc (NYSE:BLK) and Citigroup Inc (NYSE:C) are scheduled to report earnings results.

Stay ahead of the curve this earnings season with InvestingPro.

During Thursday's regular trading, the Dow Jones Industrial Average added 47.7 points or 0.1% to 34,395.2, the S&P 500 gained 37.9 points or 0.9% to 4,510.1 and the NASDAQ Composite lifted 219.6 points or 1.6% to 14,138.6.

On the data front, the U.S. producer price index came in at 0.1% versus 0.4% expected, indicating easing inflation pressures and boosting trader sentiment. Jobless claims also came in under expectations at 237K versus 250K expected.

On the bond markets, United States 10-Year rates were at 3.769%.

Dow futures tick lower, bank earnings in focus
 

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Comments (2)
Kerry Ditto
Kerry Ditto 3 hours ago
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pumporama looks ended. now is reality check time.
Kevin Pe
Kevin Pe 2 hours ago
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That's what you guys said last quarter
Jonah ware
Jonah ware 2 hours ago
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keep shorting this market you'll get one eventually
Tony Hall
Tony Hall 2 hours ago
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It will all depend on the earnings reports by big finance companies in the morning. The futures mean nothing for the moment.
Michael Benson
Michael Benson 4 hours ago
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The rise of e-commerce is transforming retail markets.
Michael Benson
Michael Benson 4 hours ago
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International trade agreements impact markets around the world.
Dan Lisovich
Dan Lisovich 3 hours ago
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no new revelation.
 
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