2024-04-12 11:43:35
Stock news 18:34 2024-04-12
Dow Jones futures fell more than 100 points ahead of the release of first-quarter earnings of listed companies. Three major US banks – JPMorgan, Citigroup and Wells Fargo – will report earnings today (April 12) US time.
As of 6:27 p.m. Thai time, the Dow Jones Futures Index lost 122 points or -0.31% to 38,610 points.
Additionally, BlackRock, the world’s largest asset manager, And custodian Bank State Street is also scheduled to report quarterly results today.
In terms of macro factors Investors will be keeping an eye on the release of the April Preliminary Consumer Confidence Index from the University of Michigan tonight at 9:00 p.m. Thai time.
The Dow Jones Index and S&P 500 are expected to decline this week. After the US inflation numbers came out higher than expected. Makes investors worried that The US Federal Reserve (Fed) may delay cutting interest rates. while the Nasdaq index that focuses on technology stocks It is likely to increase for the first week in three weeks.
Bank of America reports that Large-cap U.S. stocks experience biggest weekly outflows since December 2022 during the past week until Wednesday (10 Apr.)
CME Group’s latest FedWatch Tool indicates that investors are placing more than 50% weight on the Fed’s first interest rate cut in July.
By InfoQuest News Agency (12 April 2024)
Tags: Dow Jones, New York Stock Exchange
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