US stock futures steady after Wall Street tumbles on hot payrolls data

From Investing.com: 2025-01-12 18:50:29

U.S. stock index futures steadied after Wall Street tumbled on hot payrolls data. Bank earnings and key inflation data are in focus this week. S&P 500 futures flat at 5,850. Dow futures at 21,023. Nasdaq futures up 0.2% at 42,227.

Major banks like JPMorgan, Wells Fargo, and Goldman Sachs set to report Q4 earnings this week. Bank of America and Morgan Stanley to report Thursday. Focus on economy’s impact on earnings amid inflation concerns and high interest rates.

Wall Street indexes took a hit on Friday as strong payrolls data raised rate cut concerns. Fed signaled slower rate cuts this year due to sticky inflation and strong labor market. Eyes on December inflation data this week to guide Fed’s future rate decisions.

Fed wary of Trump’s policies as inauguration approaches. S&P 500 fell 1.5%, Dow tumbled 1.6%, and Nasdaq dropped 1.6% on Friday. All eyes on key economic data and bank earnings to shape Wall Street’s next move.



Read more at Investing.com: US stock futures steady with earnings, inflation in focus By Investing.com