Equity futures flat as investors wait for more earnings results

Traders work on the floor of the New York Stock Exchange.

Brendan MacDermid | Reuters

As the S & P 500 began its quarterly closing season, US equity futures remained largely unchanged on Wednesday night after the S & P 500 fell for the third straight day.

The Dow Jones Industrial Average futures fell 0.01%. S & P 500 and Nasdaq 100 futures rose 0.02% and 0.07%, respectively.

The key averages did not change much by the end of the regular session. The Dow was flat at 34,377.81, the S & P 500 was up 0.3% and the Nasdaq Composite was up 0.7%.

A few minutes from Federal Open Market Committee September MeetingAnnounced Wednesday afternoon, it showed that the central bank could begin the tapering process in mid-November or mid-December.

“I think November isn’t there yet, but a month isn’t important to the market at this point,” said Lawrence Gillam, fixed income strategist at LPL Financial. “But there are some interesting discussions about lift-offs, and the committee seems to remain divided. The future composition of the committee only adds uncertainty about when lift-offs actually take place. is.”

Early in the day JP Morgan Started profits for big banks in Great results that exceeded expectations An unexpected increase of $ 1.5 billion due to bad debt losses. Still, stocks fell 2.6% and other bank stocks fell.

Bank of America, Citigroup, Morgan Stanley and Wells Fargo will all report earnings before the bell on Thursday. Dow member UnitedHealth Group is on the deck as well as Domino’s Pizza.

Last Wednesday, the Ministry of Labor reported on a core consumer price index that excludes food and energy. September rose 0.2% month-on-month 4% compared to estimates of 0.3% and 4% respectively in the last 12 months.

September producer price index data and weekly unemployed billing will be released Thursday.

Equity futures flat as investors wait for more earnings results

Source link Equity futures flat as investors wait for more earnings results

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