From Investing.com: 2024-04-14 20:13:39

US stock index futures rose after last week’s losses due to fears of an Iran-Israel conflict and a lackluster start to the earnings season. Investors also now expect higher interest rates for a longer period due to sticky U.S. inflation. Nasdaq futures rose 0.3%, while S&P 500 and Dow futures gained 0.3% and 0.2%, respectively.

Tensions over a potential conflict between Iran and Israel heightened after Iran launched a drone and missile attack on Israel, raising concerns of retaliation. However, Israeli ministers indicated that immediate retaliation was unlikely, as Iran declared the end of its operation with no further plans against Israel.

Wall Street suffered weekly losses as negative factors, including limited expectation of early interest rate cuts and weak earnings from major banks, led to profit-taking. The S&P 500 fell 1.5%, the Dow dropped 1.6%, and the Nasdaq finished 1.2% lower, with all three indexes losing between 0.6% and 2.5% for the week.

The earnings season will pick up with reports from Goldman Sachs and Charles Schwab on Monday, followed by Johnson & Johnson, UnitedHealth, Bank of America, and Morgan Stanley on Tuesday. Focus will be on how these companies navigate sticky inflation and whether they can support a valuation uptrend in the first quarter.



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