Stock Market Today: Stocks Mixed Ahead of JPMorgan, BlackRock Earnings Announcements

• U.S. stock index futures were flat on Friday ahead of major bank earnings releases.

• Wall Street giants such as JPMorgan, Wells Fargo and BlackRock are all set to release quarterly reports.

• Jamie Dimon and Larry Fink, the chief executive officers of JPMorgan and BlackRock, are both expected to comment.

Stocks barely moved in pre-ban trading Friday as investors awaited earnings reports from several Wall Street heavyweights.

Dow Jones Industrial AverageFutures were up 0.2% shortly after 5 a.m. EST, while Nasdaq Resonance 100 futures were up 0.2%. Nasdaq Resonance 100 IndexFutures were down 0.11 TP3T, while the Standard & Poor's 500Futures are flat.

benchmark 10-Year Treasury YieldDecreased by 0.051 TP3T to 4.541 TP3T. US dollar index- The index, which measures the value of the U.S. dollar against a basket of foreign currencies, rose to just over 105 points, the highest level since November.

JPMorgan and BlackRock, led by billionaire chief executive Jamie Dimon and Larry Fink, respectively, are scheduled to release their first-quarter results on Friday. Wells Fargo, Citigroup, BlackRock and State Street will also report.

"Expect another strong earnings report from the largest U.S. bank," said Kathleen Brooks, XTB's Director of Research and Massachusetts, referring to JPMorgan Chase in a morning report.

"With the market now expecting the Fed to raise interest rates more and more, net interest income should continue to be a pillar supporting bank earnings going forward. This could boost the financial sector of the S&P 500, which has hit record highs in recent weeks."

With this week's surprising monthly inflation data dashing hopes that the Fed could start cutting rates as early as June, Wall Street will be desperate for good news from some of its biggest takers.

"Firmer-than-expected U.S. CPI data, coupled with heightened geopolitical tensions, means that general uncertainty has increased," said Sophie Lund-Yates, premier equity analyst at Hargreaves Lansdown, in a morning report. means that general uncertainty has increased," said Sophie Lund Yates in a morning report.

Friday's economic calendar includes the latest data on import prices and consumer sentiment, as well as scheduled commentary from Atlanta Fed and San Francisco Fed chairs Raphael Bostic and Mary Daly.

Read the original