As investors wait for more earnings results, stock futures are flat

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Traders work on the New York Stock Exchange.

Bren Dank Demead | Reuters

As the company began its quarterly earnings season and the Standard & Poor’s 500 Index ended its three consecutive days of decline, US stock futures were almost unchanged on Wednesday night.

The Dow Jones Industrial Average futures fell 0.01%. Standard & Poor’s 500 Index and Nasdaq 100 Index futures rose 0.02% and 0.07%, respectively.

By the end of the regular meeting, there was little change in the main average. The Dow Jones Index was flat at 34,377.81, the S&P 500 Index rose 0.3%, and the Nasdaq Composite Index rose 0.7%.

The minutes of the September meeting of the Federal Open Market Committee released on Wednesday afternoon showed that the central bank may start to scale down in mid-November or mid-December.

Lawrence Gillum, fixed income strategist at LPL Financial, said: “We still think November, but one month is not important to the market at this time.” “Although there are some interesting discussions about lift-off, it seems that the committee still has differences. The future composition of the committee will only increase the uncertainty of the actual lift-off time.”

Earlier in the day, JPMorgan Chase launched the profitability of large banks with outstanding performance that exceeded expectations, as loan losses were better than expected, boosting 1.5 billion U.S. dollars. Despite this, the stock price fell 2.6%, and other banking stocks also fell.

Bank of America, Citigroup, Morgan Stanley and Wells Fargo are all scheduled to announce earnings before the market closes on Thursday. Dow members UnitedHealth Group and Domino’s Pizza are also on deck.

Earlier Wednesday, the US Department of Labor reported that the core consumer price index, excluding food and energy, rose 0.2% month-on-month in September and 4% month-on-month in the past 12 months, compared to expectations of 0.3% and 4%, respectively. .

The September producer price index data and weekly unemployment claims will be released on Thursday.

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