Wall St futures rise ahead of earnings, data; Israel-Hamas conflict weighs

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

Oct 16 - Wall Street index futures started an earnings-packed week on a firm footing though tensions over the Israel-Hamas conflict kept gains in check, while investors also awaited key economic data for clues on the U.S. economy.

The S&P 500 and the Nasdaq dropped on Friday as deteriorating consumer sentiment data and the Middle East conflict kept investors away from riskier bets and overshadowed some upbeat earnings from big U.S. banks. Of the 32 S&P 500 companies that have reported results, 87.5% have surpassed expectations compared with the long-term average of 66.5%.

Harker had said on Friday he believes the U.S. central bank is likely done with its rate-hiking cycle. Nvidia fell 1.4% in premarket trading after Reuters reported U.S. would take steps to prevent American chipmakers from selling semiconductors to China in a bid to block more AI chip exports.

 

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

 /  🏆 13. in BUSÄ°NESS

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 pick up, oil steadies in cautious marketsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »