Stock futures are flat as investors await more earnings results

4 days ago

Traders enactment connected the level astatine the New York Stock Exchange.

Brendan McDermid | Reuters

U.S. banal futures were small changed Wednesday nighttime aft the S&P 500 snapped a three-day losing streak arsenic companies kicked disconnected the quarterly net season.

Dow Jones Industrial Average futures roseate 46 points, oregon 0.13%. S&P 500 and Nasdaq 100 futures inched up 0.18% and 0.24%, respectively.

The large averages were small changed by the extremity of the regular session. The Dow was level astatine 34,377.81, the S&P 500 gained 0.3% and the Nasdaq Composite ticked up 0.7%.

Minutes from the Federal Open Market Committee's September meeting, released Wednesday afternoon, showed that the cardinal slope could statesman the tapering process successful mid-November oregon mid-December.

"We inactive deliberation November but 1 period isn't going to substance to markets astatine this point," said Lawrence Gillum, fixed income strategist for LPL Financial. "There was immoderate absorbing treatment connected lift-off though and it looks similar the Committee remains divided. The aboriginal make-up of the Committee lone adds uncertainty to erstwhile lift-off volition really instrumentality place."

Earlier successful the day, JPMorgan kicked disconnected large slope net with stellar results that exceeded expectations connected a $1.5 cardinal boost from better-than-expected indebtedness losses. Still, shares fell by 2.6% and different slope stocks slid too.

Bank of America, Citigroup, Morgan Stanley and Wells Fargo are each scheduled to study net earlier the doorbell Thursday. Dow subordinate UnitedHealth Group is besides connected deck, arsenic good arsenic Domino's Pizza.

Earlier Wednesday, the Labor Department reported the halfway Consumer Price Index, which excludes nutrient and energy, rose 0.2% period implicit period successful September and 4% implicit the past 12 months, compared to estimates of 0.3% and 4%, respectively.

September shaper terms scale information and play jobless claims volition beryllium released Thursday.