News Formal

Stock market today: Techs lead slide in US futures as banks lead out earnings season

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

US Stock Futures News

United States United States Latest News,United States United States Headlines

Reports from JPMorgan and BlackRock marked the unofficial start of earnings season, seen as a potential catalyst for a stock rally revival.

US stock futures stumbled on Friday as techs lost their winning ways, with investors looking for inspiration in the big bank results rolling in to kick off earnings season. Futures on the tech-heavy Nasdaq 100 slid 0.5%, while S&P 500 futures shed 0.4%. Contracts on the Dow Jones Industrial Average fell 0.3%. Stocks are stumbling after "Magnificent 7" techs led a run higher on Thursday, propelled again by AI tailwinds.

BlackRock results got earnings season underway early Friday amid hopes that corporate updates can revive the early-year rally in stocks. The world's biggest asset manager's shares popped in premarket after it posted a 36% jump in profit. Investors are watching for the giant banks to demonstrate how they benefit if interest rates remain higher than expected this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Stock futures pop as Wall Street looks to continue record-setting runA bullish mood is prevailing on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: 'Magnificent 7' power stock surge after CPI-fueled sell-offInvestors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »