search

Futures Rise Ahead of JPMorgan Results, Inflation Data

U.S. stock index futures edged higher on Wednesday ahead of quarterly results from JPMorgan which will kick off the corporate earnings season, with investors awaiting inflation data for clues on the future path of monetary policy. Mega-caps growth names including Facebook Inc., Amazon.com Inc., Google-parent Alphabet Microsoft Corp., and Tesla rose more than 0.5 percent each and led the gains in premarket trading. JPMorgan, down 0.1 percent, is set to issue its third-quarter results, with analysts expecting a strong profit as the U.S. economy recovers from the pandemic-induced shock. Wall Street ended lower in choppy trading on Tuesday, as investors grew jittery in the run-up to earnings amid worries about supply chain problems and higher prices affecting businesses emerging from the pandemic. Focus is also on inflation data, due at 0830 a.m. ET, which could further test the U.S. central bankers divided over how much of a threat high inflation …

Related Post

This website uses cookies.