U.S. stock futures are little changed as investors brace for key consumer inflation report: Live updates
Published On Jan 14, 2025, 6:01 PM
U.S. stock futures are slightly up as investors await the December consumer price index report, a key inflation metric. The Dow gained 221.16 points, while the S&P 500 saw a minor increase. Bank stocks showed strong performance ahead of earnings releases from major financial institutions including Goldman Sachs and JPMorgan Chase, indicating optimism in the sector. Additionally, the SEC filed a lawsuit against Elon Musk, which may affect market sentiment.
Stock Forecasts
KBE
Positive
Bank stocks are gaining traction ahead of a significant earnings season, indicating strong investor confidence. With a 3% rise in key banking ETFs, this shows a solid outlook for financial services continuing into the earnings reports.
SPY
Positive
Given the overall positive sentiment in the market, particularly regarding inflation reports and bank earnings, expectations are that the market will maintain this upward trend unless unexpected negative economic data emerges.
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