- U.S. stock index futures were subdued on Monday as investors awaited more big banks earnings following JPMorgan’s upbeat results, while sentiment was supported by reports of progress in trade talks.
JPMorgan Chase’s results on Friday eased fears that the first-quarter earnings season would slam the brakes on Wall Street’s big rally back from last year’s slump, and helped put the benchmark S&P 500 within a percent of its September record closing high. U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal, sources told Reuters, while Treasury Secretary Steven Mnuchin said he hoped the trade talks were approaching a final lap.At 6:40 a.m. ET, Dow e-minis were up 41 points, or 0.16%. S&P 500 e-minis were up 1 points, or 0.03%, while Nasdaq 100 e-minis were down 1.25 points, or 0.02%.
Analysts now expect S&P 500 companies to show a 2.3% year-on-year decline in earnings, the first annual contraction since 2016.
Cortez didn’t scare them out of the market ?
This is what I thought. What implied earnings are there?
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Source: CNBC - 🏆 12. / 72 Read more »