© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo - Futures tracking Wall Street's main stock indexes edged lower on Friday as investors looked ahead to earnings reports from big U.S. banks, while Treasury yields eased after a spike in the previous session.
Options traders are bracing for larger-than-usual post-earnings stock price swings for some U.S. banks, despite signs of cooling volatility in broader markets, options data showed. Federal Reserve Bank of Boston President Susan Collins said on Thursday the latest inflation data underscores uneven progress toward restoring price stability, in comments that reiterated her view that the central bank may have to raise rates again.
An auction of U.S. Treasury auction bonds had sent yields higher on Thursday, pushing the three main U.S. stock indexes to their first decline in five days. Still, they are on track to register gains for the week.
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