Stock futures rise slightly as Wall Street awaits more major bank earnings

Brendan Mcdermid | Reuters

U.S. stock futures rose slightly Thursday night after the Dow Jones Industrial Average declined following a disappointing start to second quarter earnings from the country's largest banks.Dow Jones Industrial Average futures rose by 34 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed 0.1% and 0.2%, respectively.

Pinterest shares surged 16% in extended trading following a Wall Street Journal report that said activist investor Elliott Management took a stake of more than 9% in the social media company. The Dow during Thursday's session shed nearly 0.5%, or 142.62 points. The S&P 500 dipped 0.3%, and the Nasdaq Composite inched 0.03% higher.

Investors combed through troubling reports from JPMorgan Chase and Morgan Stanley, which kicked off major bank earnings, and also weighed the likelihood of larger interest rate hikes from the Federal Reserve and looming recession concerns.

Ridiculous

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Asian Stock Market: Modestly positive as S&P500 futures recover, oil extends losses, US Inflation eyedAsian Stock Market: Modestly positive as S&P500 futures recover, oil extends losses, US Inflation eyed – by Sagar_Dua24 Asia Nikkei China Fed Inflation
Source: FXStreetNews - 🏆 14. / 72 Read more »