Stock futures were mixed in the early hours of Thursday morning after the market kicked off another earnings season. Investors are eagerly awaiting quarterly earnings announcements from some of the major U.S. banks on Thursday, including Wells Fargo (WFC), Goldman Sachs, Morgan Stanley (MRS), and Citigroup (VS).
Futures contracts linked to the Dow Jones Industrial Average (DJIA) rose slightly to 0.16%, while the S&P 500 (SPX) futures fell 0.08% at 6:44 a.m. EST Thursday. Meanwhile, the Nasdaq 100 (NDX) futures lost 0.07%.
In Wednesday’s regular trading session, the Dow Jones gained 1%, the S&P 500 advanced 1.12% and the Nasdaq 100 jumped 1.99%, each coming off a series of three-day losses. Significantly, investors showed little concern that consumer price inflation hit 8.5% in March, a new 40-year high.
Quarterly reports from companies like Delta, Fastenal and BlackRock beat Street’s expectations on Wednesday, spurring the rally in major indexes as investors were encouraged to see how well the companies were handling inflationary pressures.
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