U.S. stock index futures held steady on Sunday evening after Wall Street dropped following stronger-than-expected payroll data. Investors are now shifting focus to the fourth-quarter earnings season, which begins this week with several major bank reports. Additionally, key inflation data, particularly the Consumer Price Index (CPI), will also be released this week, potentially impacting expectations for future interest rates.
Key Futures Movement:
S&P 500 Futures remained flat, up by 5.8 points.
Nasdaq 100 Futures steadied at 21,023.5 points.
Dow Jones Futures increased by 0.2%, reaching 42,227.0 points.
Upcoming Bank Earnings:
Wednesday: JPMorgan Chase, Wells Fargo, Goldman Sachs, Citigroup, and Bank of New York Mellon.
Thursday: Bank of America and Morgan Stanley, along with major insurer UnitedHealth Group.
As investors await these reports, attention is on whether the strength of the U.S. economy has translated into robust corporate earnings despite persistent inflation and high interest rates. The outcome of these earnings will likely guide Wall Street’s next move, as the market grapples with rate concerns and lofty valuations.
You can follow the Economics Calendar API to stay updated on important economic data releases, including inflation figures, that could influence market movement.
