Stock futures are little changed as Wall Street gears up for key economic data and the kickoff of earnings season: Live updates
Published On Jan 12, 2025, 6:03 PM
Stock futures are showing little change as Wall Street anticipates a busy week of economic data, including the December inflation report and major bank earnings. The Dow saw a slight increase while S&P 500 and Nasdaq futures dipped slightly. Recent job reports have raised concerns about potential interest rate hikes from the Federal Reserve, which are expected to keep investors cautious. Key bank earnings will kick off this week, with reports from Citigroup, Goldman Sachs, and JPMorgan Chase among others.
Stock Forecasts
XLF
Negative
With the potential for upward pressure on interest rates due to strong job data and persistent inflation, caution is warranted in the market. Bank earnings may vary, but the overall sentiment is leaning towards a negative outlook as investors digest the implications of the economic data and upcoming earnings reports.
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