Stock futures higher after S&P 500 posts best day since November: Live updates
Published On Jan 15, 2025, 6:02 PM
U.S. stock futures are up as the S&P 500 had its best day since November, driven by a positive inflation report and strong earnings from major banks. As traders anticipate further bank earnings, the Dow Jones futures rose slightly, while the S&P 500 and Nasdaq 100 also showed gains. The market gained momentum with tech stocks performing well, and concerns over interest rates eased as the 10-year U.S. Treasury yield fell. Investors will look for insights from upcoming economic data and further earnings reports.
Stock Forecasts
MS
Positive
Given the positive sentiment in the market driven by a strong inflation report and robust bank earnings, along with expectations of supporting economic data, this could lead to continued growth in financial stocks like Morgan Stanley and Bank of America. The general risk-on environment suggests that investors may favor growth stocks and sectors sensitive to economic recovery.
JPM
Positive
The strong performance of JPMorgan Chase and expectations for further expansion in the banking sector point to potential positive momentum for large-cap banks, which may drive demand higher in this sector as capital markets normalize and investors regain confidence.
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