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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 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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