US Stock Futures Point Lower Ahead of Bank Earnings

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Finance News

Banking Sector,Earnings Reports,Inflation Data

US stock futures dipped on Friday as investors awaited earnings reports from major banks like JPMorgan Chase and Wells Fargo, while also analyzing recent inflation data. The previous session saw the main averages decline following Labor Department figures revealing higher-than-expected price growth in September.

Investing.com -- US stock futures point lower ahead of a batch of big bank earnings, including quarterly figures from JPMorgan Chase closely-monitored FedWatch Tool. There was about a 14% probability that the Fed would keep borrowing costs unchanged at a range of 4.75% to 5.00%.Markets will be eyeing returns from JPMorgan Chase and Wells Fargo on Friday that are due to kick off the latest earnings season for the US banking sector.

Meanwhile, analysts anticipate that these companies' investment banking units were boosted by an uptick in the amount of debt issuance and initial public offerings.

“It’ll save lives,” Musk said, adding that autonomous vehicles will be “ten times” safer than human drivers. Berkshire sold 9.5 million shares worth a little over $382 million this week, a regulatory filing on Thursday showed.

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