NEW YORK, July 11 — US stock index futures fell today, bracing for the start of the earnings season which could see profits come under pressure at a time of growing fears of an economic downturn due to aggressive interest rate hikes.
All the three benchmark indexes ended the week higher on Friday, while the Nasdaq posted a gain for the fifth straight session. Big banks such as JPMorgan Chase & Co, Citigroup Inc and Morgan Stanley are due to post earnings later this week, and their results will be parsed for any signs of slowing economic growth. The banks' shares fell between 0.7 per cent and 1.1 per cent in premarket trading.
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