Nasdaq 100 futures (^NDX) lost 0.5%, while S&P 500 futures (^GSPC) lost 0.4%. Contracts on the Dow Jones Industrial Average (^DJI) did so by 0.3%.
Stock futures in Wall Street gives way this Fridaywhile technology companies lose their winning streak and with investors looking for inspiration at the beginning of another earnings season that will begin the big ones New York plaza benches.
Nasdaq 100 futures (^NDX) fell 0.5%, while S&P 500 futures (^GSPC) lose 0.4%. Contracts on the Dow Jones Industrial Average (^DJI) did so by 0.3%.
This happens after the “Magnificent 7” technology companies led the rise on Thursday, driven again by the tailwinds of AI. Investors were also comforted by a smaller-than-expected rise in wholesale inflation after a scare with the release of consumer price data that surprised to the upside.
Earnings season
BlackRock (BLK) results kicked off earnings season early Friday amid hopes that corporate updates could revive the early-year rally in stocks. Shares of the world’s largest asset manager soared in pre-market after it posted a 36% rise in profits.
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AMBITO.COM
Investors are watching banking giants to see how they benefit if interest rates remain higher than expected this year. JPMorgan (JPM) reported earnings rose as earned more from interest payments, while, on the contrary,Wells Fargo (WFC) saw profits decline as interest income fell.
Source: Ambito
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