{"id":72150,"date":"2023-10-13T06:50:44","date_gmt":"2023-10-13T10:50:44","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/stock-futures-on-the-fence-as-investors-wait-for-earnings-kickoff-from-jpmorgan-other-big-banks\/"},"modified":"2023-10-13T06:50:46","modified_gmt":"2023-10-13T10:50:46","slug":"stock-futures-on-the-fence-as-investors-wait-for-earnings-kickoff-from-jpmorgan-other-big-banks","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=72150","title":{"rendered":"Stock futures on the fence as investors wait for earnings kickoff from JPMorgan, other big banks"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002612142\" role=\"document\">\n<p>U.S. stock futures pointed to a slightly weaker open Friday, as investors awaited the start of second-quarter earnings from some of Wall Street\u2019s biggest banks, including JPMorgan Chase &amp; Co. <\/p>\n<p>Meanwhile, oil prices climbed as investors watched for potential escalation of the days-old war between Israel and Gaza.<\/p>\n<div class=\"paywall\">\n<h2>How are stock-index futures trading?<\/h2>\n<ul class=\"articleList\">\n<li>\n      S&amp;P 500 futures<br \/>\n        ES00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209948968\/delayed\" class=\"negative\">-0.29%<\/bg-quote><br \/>\n       slipped 0.1%, or 4.5 points, to 4,376<\/p>\n<\/li>\n<li>\n      Dow Jones Industrial Average futures<br \/>\n        YM00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210407078\/delayed\" class=\"negative\">-0.12%<\/bg-quote><br \/>\n       fell 2 points to 33,795<\/p>\n<\/li>\n<li>\n      Nasdaq-100 futures<br \/>\n        NQ00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210219788\/delayed\" class=\"negative\">-0.53%<\/bg-quote><br \/>\n       fell 0.2%, or 39.25 points, to 15,277<\/p>\n<\/li>\n<\/ul>\n<p>On Thursday, the S&amp;P 500<br \/>\n        SPX<br \/>\n       slipped 0.6% to finish at 4,349.61, while the Dow Jones Industrial Average<br \/>\n        DJIA<br \/>\n       dropped 173.73 points, or 0.5% to 33,631.14. The Nasdaq Composite<br \/>\n        COMP<br \/>\n       fell 0.6% to 13,574.22. The losses broke a four-day winning streak for those indexes.<\/p>\n<h2>What\u2019s driving markets?<\/h2>\n<p>Earnings are front and center for investors with BlackRock Inc.<br \/>\n        BLK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207946232\/composite\" class=\"negative\">-1.01%<\/bg-quote><span>,<\/span><br \/>\n       Citigroup Inc.<br \/>\n        C,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207741460\/composite\" class=\"\"><\/bg-quote><span>,<\/span><br \/>\n       JPMorgan Chase &amp; Co.<br \/>\n        JPM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205971034\/composite\" class=\"negative\">-0.23%<\/bg-quote><br \/>\n       and Wells Fargo &amp; Co.<br \/>\n        WFC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203790192\/composite\" class=\"positive\">+0.13%<\/bg-quote><br \/>\n       all due to report third-quarter earnings reports, marking the start of reporting season. UnitedHealth Group Inc.<br \/>\n        UNH,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210453738\/composite\" class=\"positive\">+0.27%<\/bg-quote><br \/>\n       is also scheduled to report.<\/p>\n<p>Investors will be closely watching what JPMorgan Chief Executive Jamie Dimon has to say about the economy and consumers.<\/p>\n<p><strong>Read: <\/strong>Q3 earnings are here: S&amp;P 500 heads toward year of profit declines as JPMorgan, and Delta report this week<\/p>\n<p>But investors are facing the fourth-straight quarter of earnings declines overall for the S&amp;P 500, with third-quarter per-share profit collectively set to fall 0.3%, according to FactSet. <\/p>\n<p>Investors may need an earnings boost to pick markets up after Thursday\u2019s decline, which followed data showing elevated consumer prices. Data due Friday includes September import prices at 8:30 a.m. Eastern and a preliminary University of Michigan consumer sentiment survey for October at 9 a.m. Eastern. Philadelphia President Patrick Harker is due to speak at 9 a.m. Eastern. <\/p>\n<p>CPI data pressured bond yields higher on Thursday, though that move was partially reversing on Friday as Israel\u2019s military ordered more than 1 million people to leave Gaza, raising fears a ground offensive could be under way soon. <\/p>\n<p>The United Nations has warned that such an evacuation was not just impossible, but disastrous. The development comes nearly a week after an attack on Israel that has left more 2,800 people dead on both sides of the conflict. <\/p>\n<p>The yield for the 10-year Treasury note<br \/>\n        BX:TMUBMUSD10Y<br \/>\n       was down 6 basis points at 4.643%, and that of the 2-year<br \/>\n        BX:TMUBMUSD02Y<br \/>\n      was down 3 basis points to 5.037%. Yields move inversely to price.<\/p>\n<p>A shift into bonds signaled some investors are seeking safe-haven assets, with gold prices<br \/>\n        GC00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210034565\/delayed\" class=\"positive\">+0.96%<\/bg-quote><br \/>\n       climbing $13.30 to $1,896 an ounce, a gain of around 2.7% so far this week.<\/p>\n<p>Crude oil prices<br \/>\n        CL.1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211629951\/delayed\" class=\"positive\">+3.55%<\/bg-quote><br \/>\n       rose $2.32, or 2.8%, to $85.23 a barrel amid those increasing tensions in the Middle East.<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/stock-futures-inch-higher-as-investors-wait-for-earnings-kickoff-from-jpmorgan-other-wall-street-banks-aacda1c1?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures pointed to a slightly weaker open Friday, as investors awaited the start of second-quarter earnings from some of Wall Street\u2019s biggest banks, including JPMorgan Chase &amp; Co. Meanwhile, oil prices climbed as investors watched for potential escalation of the days-old war between Israel and Gaza. How are stock-index futures trading? S&amp;P 500 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-72150","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock futures on the fence as investors wait for earnings kickoff from JPMorgan, other big banks | iFintechWorld<\/title>\n<meta name=\"description\" content=\"U.S. stock futures pointed to a slightly weaker open Friday, as investors awaited the start of second-quarter earnings from some of Wall Street\u2019s biggest\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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