Stock futures gain ahead of bank earnings, retail sales

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Stock futures gain ahead of bank earnings, retail sales
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Traders are bracing for another round of earnings reports Friday morning including the latest results from Citigroup and Wells Fargo.

On Thursday on Wall Street, the S&P 500 fell 0.3% to 3,790.38. Nearly three out of every four stocks in the benchmark index finished in the red. The Dow Jones Industrial Average fell 0.5% to 30,630.17. The Nasdaq rose less than 0.1%, to 11,251.19.The yield on the 10-year Treasury, which affects mortgage rates, was at 2.94% early Friday.

U.S. benchmark crude oil traded at $94 a barrel. Brent crude, the pricing basis for international trading, was at $98 a barrel.

 

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Stock futures trade lower ahead of bank earningsStock futures trade lower ahead of bank earningsTraders are bracing for the start of earnings season from the big banks with results scheduled Thursday from JPMorgan Chase and Morgan Stanley.
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