financetom
World
financetom
/
World
/
Traders Digest Big Bank Earnings in Season Kickoff as US Equity Futures Waver Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Traders Digest Big Bank Earnings in Season Kickoff as US Equity Futures Waver Pre-Bell
Oct 11, 2024 6:19 AM

09:00 AM EDT, 10/11/2024 (MT Newswires) -- US equity futures were flat ahead of Friday's opening bell as major banks kicked off the latest earnings season.

The Dow Jones Industrial Average futures gained 0.1%, S&P 500 futures edged 0.04% higher, and Nasdaq futures were down 0.1%.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $78.85 per barrel and US West Texas Intermediate crude 0.7% lower at $75.33 per barrel.

Producer prices, released at 8:30 am ET, were unchanged in September following a 0.2% increase in the prior month, compared with estimates compiled by Bloomberg for a 0.1% uptick.

Consumer sentiment, due at 10 am ET, is expected to come in at 70.9 in October compared with September's 70.1 level.

In other world markets, Japan's Nikkei finished 0.6% higher, China's Shanghai Composite ended 2.6% lower, while the Hong Kong market was closed for holiday. The UK's FTSE 100 slipped 0.1%, and Germany's DAX index gained 0.1% in Europe's early afternoon session.

In equities, shares of JPMorgan ( JPM ) were 1.8% higher pre-bell after the bank reported higher Q3 earnings and revenue that also surpassed Capital IQ analysts' estimates. Wells Fargo ( WFC ) stock was up 3.8% after the company reported Q3 earnings that topped analyst projections. Aehr Test Systems ( AEHR ) stock was 12% higher after the company overnight reported fiscal Q1 financial results that beat Capital IQ analysts' estimates.

On the losing side, Stellantis ( STLA ) shares were down 3.9% after the company unveiled a planned shakeup of its senior management team, with its CEO anticipated to retire in 2026.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved