Stock futures on the fence as investors wait for earnings kickoff from JPMorgan, other big banks

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’s biggest banks, including JPMorgan Chase & Co.

What’s driving markets? Earnings are front and center for investors with BlackRock Inc. BLK, -1.01%, Citigroup Inc. C, , JPMorgan Chase & Co. JPM, -0.23% and Wells Fargo & Co. WFC, +0.13% all due to report third-quarter earnings reports, marking the start of reporting season. UnitedHealth Group Inc. UNH, +0.27% is also scheduled to report.

But investors are facing the fourth-straight quarter of earnings declines overall for the S&P 500, with third-quarter per-share profit collectively set to fall 0.3%, according to FactSet. 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.

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Stock futures inch higher as investors wait for earnings kickoff from JPMorgan, other Wall Street banksBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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PNC cutting jobs but company remains mum on the number of people affectedSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »