Futures stall as big banks set to kick earnings into high gear

📆 22/04/1403 01:33 ب.ظ
📰 YahooFinanceCA

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Jpmorgan,Nasdaq

JPMorgan Chase, the largest U.S. lender, is expected to report a decline in quarterly profit, with analysts expecting large lenders to set aside more money...

- Futures tied to the S&P 500 and the Nasdaq 100 indexes paused near record levels on Friday ahead of results from JPMorgan, Citigroup and Wells Fargo that will throw second-quarter earnings season into high gear.

Traders now see an 86% chance of a rate cut in September, up from 72% a week ago, according to CME Group's FedWatch Tool. At 04:46 a.m., Nasdaq 100 E-minis fell 9.25 points, or 0.05%, and S&P 500 E-minis rose 4.75 points, or 0.08%. The Dow E-minis gained 39 points, or 0.1%.U.S. regional lender Bank of New York Mellon and industrial supplies maker Fastenal are also scheduled to report.These two Canadian banks are climbing, but still have so much more room to run.

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