Wall St futures rise ahead of earnings, data; Israel-Hamas conflict weighs

Oct 16 - Wall Street index futures started an earnings-packed week on a firm footing though tensions over the Israel-Hamas conflict kept gains in check, while investors also awaited key economic data for clues on the U.S. economy.

The S&P 500 and the Nasdaq dropped on Friday as deteriorating consumer sentiment data and the Middle East conflict kept investors away from riskier bets and overshadowed some upbeat earnings from big U.S. banks. Of the 32 S&P 500 companies that have reported results, 87.5% have surpassed expectations compared with the long-term average of 66.5%.

Harker had said on Friday he believes the U.S. central bank is likely done with its rate-hiking cycle. Nvidia fell 1.4% in premarket trading after Reuters reported U.S. would take steps to prevent American chipmakers from selling semiconductors to China in a bid to block more AI chip exports.

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Stocks pick up, oil steadies in cautious marketsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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