Futures steady, Nasdaq higher as markets await bank earnings

- Dow and S&P 500 futures remained steady on Wednesday, while Nasdaq 100 futures rose slightly following a tech and oil stock selloff in the previous session, as investors awaited quarterly results from Morgan Stanley and other banks.

At 5:15 a.m. ET, Dow E-minis were down 30 points, or 0.07%, U.S. S&P 500 E-minis were up 2.75 points, or 0.05%, and Nasdaq 100 E-minis were up 37.25 points, or 0.18%. Indexes were trading around record high levels despite Tuesday's fall, with continued optimism about future rate cuts from the Federal Reserve as well as economic growth buoying sentiment.

"Providing that banks prove a reliable barometer for earnings season more broadly, solid earnings growth, coupled with resilient economic growth, should continue to power the market higher," Brown said.Bets on a 25-basis-point rate cut at the Federal Reserve's November meeting have risen above 90%, according to CME's FedWatch.Shares of rate-sensitive megacap tech stocks edged higher in premarket trading, helped by easing U.S. Treasury yields. Apple gained 0.

PROVIDENCE, R.I., October 16, 2024--Citizens Financial Group, Inc. today reported third quarter 2024 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission on a Form 8-K and will be available on the SEC website at www.sec.gov.

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: Dow, S&P 500, Nasdaq futures stall with Fed and Google breakup in focusInvestors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq futures tread water with bank earnings on deckJP Morgan and Wells Fargo get earnings season going in earnest, while a wholesale inflation print is in focus after the CPI surprise.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq futures surge as Fed fires up rallyWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures climb as oil prices retreatThe focus is back on the ongoing debate over the economy and interest rates as headwinds ease.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures rally as China stimulus, chip stocks lift moodA double dose of optimism for the AI trade and for China's stimulus push is buoying the market ahead of Jerome Powell's comments.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq slip after hotter-than-expected inflation printInvestors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »