Stock futures are little changed as Wall Street awaits bank earnings: Live updates

U.S. stock futures flickered near the flatline on Thursday night as traders looked ahead to the release of corporate earnings from major U.S. banks.as tech shares led a comeback from Wednesday's inflation-fueled sell-off. On Thursday, Nasdaq gained 1.68% to close at a record, while thereported the iPhone maker's plans to overhaul its Mac products with new artificial intelligence focused chips. Apple had its best day since May 2023.

Going forward, the artificial intelligence tailwind will be key in determining which stocks lead the current bull run, said Thomas Martin, senior portfolio manager at Globalt Investments. "Today's divergence between the Nasdaq and the Dow is pretty telling … it is still a bifurcated market with things being driven by AI." he told CNBC."That's what you're looking for going forward, that's what you have to have to be sustainable."Thursday's tech-centric rally curtailed the S&P 500's weekly losses, as it's now down 0.1% for the period. The Nasdaq is on pace to close the week 1.2% higher.

The first-quarter earnings season kicks off in earnest Friday, with a slew of major U.S. financial institutions set to report earnings before the bell. These includeThe bitcoin halving is different from others. Here’s what you need to knownews

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Stock market today: Asian shares trading mixed after Wall Street’s momentum coolsAsian shares were mixed in muted trading, as buying in some markets was soon erased by profit-taking. Japan’s benchmark Nikkei 225 finished little changed Tuesday. Shares fell in Sydney, but rose in South Korea and China. Wall Street edged back further from its record heights reached last week. The S&P 500 slipped 0.
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Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts. Chinese markets rose while shares fell in Tokyo and Seoul Monday. The Chinese yuan dipped to its lowest level in four months. Oil prices advanced and U.S. futures were lower.
Source: AP - 🏆 728. / 51 Read more »