Rally looks to continue as bank earnings begin
2018-01-12 07:27:57
Stock futures are higher again as the Q4 earnings season kicks off. Some of the nation's largest banks will report this morning, followed by a pickup in the corporate reporting action next week. JPMorgan has already reported and the stock, after dipping initially on the heels of the report, is not essentially flat in pre-market trading. The domestic economic calendar will include reports on consumer prices, retail sales, and business inventories. Oil prices are lower this morning after breaking through the $64 a barrel level yesterday. Bitcoin prices are seeing a slight bounce and are higher by more than 2.8% after falling 10% yesterday. In early pre-market trading, Dow futures are 110 points above fair value, Nasdaq futures are 15 points above fair value and S&P futures are 8 points above fair value.