Outlook 01/12: U.S. stock futures flat Friday as traders parsed through the first batch of fourth-quarter earnings while they awaited the second in a pair of closely watched inflation reports this week. A slew of big banks also reported earnings before the bell on Friday. Bank of America lost more than 2% after posting declining fourth-quarter profit, while Wells Fargo shed more than 1% despite posting a higher profit for the quarterly period. Citigroup gained 1.9% despite quarterly loss after incurring several large charges. J.P.Morgan also rose before the bell, gaining more than 2.5% even after the bank said its earnings slipped by 15% from a year earlier. Encouraging news on inflation Friday with wholesale prices unexpectedly declining by 0.1% in December.
/ESH24 (MAR 2024): YVAH 4832 YPOC 4813 YVAL 4796 GAP 4814
/ES Plan: Yesterday market closed bullish (PBT 4850), but overnight, after PPI data, looks balanced, moving within previous value, so these're the opening and initial balance options for today:
