US Futures Steady as Robust Bank Earnings Reassure
US equity futures pointed to a steady open for Wall Street, as earnings from Bank of America Corp. met expectations and investors awaited results from other American banks.
S&P 500 contracts and Nasdaq 100 futures were little changed, with Bank of America Corp shares edging higher in premarket trading after it said it increased its net inteerest income and also beat expectations for trading revenue. Its results come after peers JPMorgan Chase & Co and Wells Fargo & Co delivered forecast-topping earnings last week.
Energy shares fell premarket trading, as oil prices plunged below $75 a barrel after a report Israel will hold off attacking Iranian oil facilities. Among other premarket movers, Nvidia Corp. and Advanced Micro Devices Inc. after Bloomberg reported the Biden administration discussed capping sales of advanced AI chips to some countries.
S&P 500 futures were little changed
Nasdaq 100 futures fell 0.2%
Futures on the Dow Jones Industrial Average were little changed
Source : Bloomberg
