US Futures Rise Ahead of Bank Earnings
US stock futures edged higher on Monday as investors prepared for a busy week of major bank earnings, marking the start of the third-quarter reporting season. JPMorgan, Goldman Sachs, Citigroup and Wells Fargo are scheduled to report on Tuesday, followed by Bank of America and Morgan Stanley on Wednesday. Investors are also awaiting key inflation data, with the September consumer and producer price indexes due on Wednesday and Thursday, respectively. Last week, all three major US stock indexes closed higher as a rally in technology shares helped offset concerns over rising oil prices and bond yields. Meanwhile, energy market concerns resurfaced after President Donald Trump told reporters over the weekend that he was considering joining Saudi Arabia in its campaign against Iran-backed Houthi militants in Yemen following another deadly attack on Riyadh’s international airport.
US stock futures edged higher on Monday as investors prepared for a busy week of major bank earnings, marking the start of the third-quarter reporting season. JPMorgan, Goldman Sachs, Citigroup and Wells Fargo are scheduled to report on Tuesday, followed by Bank of America and Morgan Stanley on Wednesday. Investors are also awaiting key inflation data, with the September consumer and producer price indexes due on Wednesday and Thursday, respectively. Last week, all three major US stock indexes closed higher as a rally in technology shares helped offset concerns over rising oil prices and bond yields.
Meanwhile, energy market concerns resurfaced after President Donald Trump told reporters over the weekend that he was considering joining Saudi Arabia in its campaign against Iran-backed Houthi militants in Yemen following another deadly attack on Riyadh’s international airport.