Stock futures fall as investors look ahead to economic data, Federal Reserve speeches
Publishing timestamp: 2023-01-19 00:34:28
Summary
Stock futures traded lower on Thursday morning as investors awaited economic data and speeches from Federal Reserve leaders. Bank stocks such as JPMorgan, Bank of America and Wells Fargo slid, weighing on broader market. Disappointing retail sales and weaker-than-expected producer price index reading ignited recession fears, sending stocks lower. Investors will weigh more economic data and several central bank leaders will speak throughout the day. Companies such as Netflix, Procter & Gamble and Truist Financial will report earnings. Discover Financial Services and Alcoa reported earnings that beat expectations but showed that the companies boosted their provision for credit losses, potentially signaling a weaker economy ahead.
Sentiment: NEGATIVE
Keywords: stock markets, truist financial corp, business news, breaking news: markets, united states, economic events, markets,
Source: https://www.cnbc.com/2023/01/18/stock-market-futures-open-to-close-news.html