Investors are bracing for bank results on Friday, a day after the S&P 500 retook a level it hasn't seen since April. Stock futures are inching south.
U.S. stock futures tilted south on Friday as investors waited to see if the S&P 500 can build on the prior session’s big gains, with earnings from big banks such as JPMorgan Chase & Co. straight ahead.
What’s driving markets Markets... U.S. stock futures tilted south on Friday as investors waited to see if the S&P 500 can build on the prior session’s big gains, with earnings from big banks such as JPMorgan Chase & Co. straight ahead. What’s driving markets Markets will turn their attention to second-quarter earnings from JPMorgan JPM , Wells Fargo & Co. WFC , BlackRock Inc. BLK and Citigroup C ahead of the market’s open. Investors are eager to hear what those financial giants have to say after a quarter marked by bank failures and interest-rate hikes. Investors will also hear from UnitedHealth Group Inc. UNH
The S&P 500’s first break above the key 4,500 level in months was fueled by better-than-expected news on producer prices on Thursday and data showing fewer applicants for jobless benefits. That news followed similarly cheerier consumer price data on Wednesday that also sparked a rally in stocks.
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