Wall Street Anticipates Bank Earnings: Stock Futures Remain Steady – Shiv Telegram Media

Inflation Data Causes Stocks to Fall on NYSE, Tech Shares Lead Rebound

Inflation data released on Friday shook the New York Stock Exchange, leading to a drop of over 400 points in the Dow Jones. Stock futures on Thursday were near the flatline as traders eagerly awaited corporate earnings reports from major U.S. banks.

Despite the overall uncertainty, Dow Jones Industrial Average futures managed to rise by 0.09% while S&P 500 futures and Nasdaq 100 futures remained unchanged. Tech shares led a rebound on Thursday, with Nasdaq gaining 1.68% and S&P 500 advancing 0.74%.

One of the standout performers was Apple, which saw its best day since May 2023 following the announcement of plans to overhaul Mac products with new AI-focused chips. AI darling Nvidia and tech giant Amazon also experienced gains on Thursday.

Thomas Martin, a senior portfolio manager at Globalt Investments, believes that AI will play a key role in determining which stocks will lead the current bull run. The S&P 500 is down 0.1% for the week, with the Nasdaq on track to close 1.2% higher and the Dow down 1.1%.

The first-quarter earnings season kicked off on Friday with major U.S. financial institutions such as JPMorgan Chase, Wells Fargo, Citigroup, BlackRock, and State Street reporting before the bell. Investors will be closely monitoring these reports to gauge the health of the economy and the overall market sentiment. Stay tuned for more updates on the latest developments in the financial world.

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