From Nasdaq: 2024-04-15 07:11:38

The S&P 500 and Nasdaq futures are up as market optimism rises, focusing on earnings season and economic data. Iran’s attack on Israel over the weekend may not escalate tensions. Wall Street closed lower on Friday, with S&P 500 hitting a 4-week low and Dow at a 2-1/2 month low.Chinese telecom carriers directed to replace foreign chips, impacting U.S. chip stocks like Intel and AMD. JPMorgan Chase drops on weaker-than-expected Q1 net interest income. U.S. consumer sentiment weakened while inflation expectations rose. Fed officials express views on interest rate cuts, with market pricing in chances of cuts later this year. Earnings season picks up, major banks and companies set to report this week.U.S. Retail Sales data and NY Empire State manufacturing index reports today. Euro Stoxx 50 futures up on optimism for interest rate cuts. Eurozone Industrial Production data in line with expectations. Asian markets mixed, with China gaining on regulatory support and Japan falling on various concerns. Japanese Core Machinery Orders stronger than expected.



Read more at Nasdaq: Stocks Set to Open Higher as Iran-Israel Tensions Ease, Earnings and Fed Speak in Focus