Stock market today: Dow, S&P 500, Nasdaq futures tread water with bank earnings on deck

Published On Oct 11, 2024, 6:42 AM

U.S. stock futures for major indices like the Dow, S&P 500, and Nasdaq are slightly down as investors await earnings reports from major banks, which typically signal the start of the earnings season. The recent consumer inflation data raised concerns over the Federal Reserve's policies, particularly regarding interest rates. Investors are particularly focused on upcoming reports from JPMorgan Chase and Wells Fargo, which will provide insight into the state of consumer lending. Additionally, BlackRock reported record assets under management, while Tesla saw its shares drop due to disappointment over its recent robotaxi event.