News Formal

Stock futures are flat as investors await big bank earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Stocks are headed for a winning week. On Thursday, the Nasdaq posted its longest daily win streak since July.

Drew Angerer | Getty Images

Futures tied to the Dow Jones Industrial Average and S&P 500 were flat, while Nasdaq 100 futures dipped 0.12%. The Dow Jones Industrial Average added 216.96 points, or 0.64%. The S&P 500 and Nasdaq Composite gained 0.34% and 0.64%, respectively, during regular trading.Stocks are headed for a winning week, with the Nasdaq and S&P on pace for their best weekly performance since November. The Nasdaq is up 4.09% through Thursday's close. The S&P advanced 2.26%, while the Dow added 1.66%.

Earnings season kicks into full gear Friday with results from big bank stocks JPMorgan Chase, Wells Fargo, Citigroup and Bank of America. Investors will monitor the releases, which are expected to offer more insight into the health of the economy and set the tone for earnings season.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Flat like today

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks close higher, Nasdaq clinches fifth day of gains after CPI report shows cooling inflationStocks closed higher Thursday after December’s CPI report showed inflation cooled for the month, raising hopes the Fed can once again slow interest rate hikes. The Dow and the Nasdaq each gained 0.64%. The S&P 500 rose 0.34%. They will either raise 25 or 50 basis points
Source: CNBC - 🏆 12. / 72 Read more »

Why Thursday’s U.S. CPI report might kill stock market's hope of inflation melting awayA mild stock market rally to kick off the new year will be put to the test Thursday when investors face a highly-awaited inflation reading which could well... AVYA $AVYA
Source: MarketWatch - 🏆 3. / 97 Read more »

The stock market set-up heading into the crucial CPI report Thursday morningStocks are rallying on a bet that inflation (particularly wage inflation) is moderating and that job growth will slow down but not collapse. Everyone knows it’s down .2%. Leaked
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »