Stock market today: Dow, S&P 500 futures hold near records in countdown to Wall Street bank earnings

Published On Oct 15, 2024, 6:38 AM

Today, the stock market showed strong performance with Dow and S&P 500 futures holding near record levels as investors await earnings reports from major Wall Street banks. This trend indicates optimism among investors about upcoming financial results and their potential positive impact on the markets.

Stock Forecasts

Given the strong performance of market indices and prevailing optimism in the banking sector as they prepare for earnings reports, it is likely that bank stocks may benefit from this positive sentiment.

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Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September.

The next batch of big bank earnings will test the rally and the chances of an economic "soft landing".

SPY
XLF

The next batch of big bank earnings will test the rally and the chances of an economic "soft landing".