Outlook 10/16: Stock futures are little changed after SP500 slips from record highs. Earnings reports this week have been mixed, with solid reports from major banks. As earning season rolled on, three top U.S. banks continued the trend of higher-than-expected trading results on Tuesday. Bank of America said its net income fell 12% from a year earlier to $6.9 billion, or 81 cents a share, better than expected by analysts. Goldman Sachs saw better results across the board, most notably in equities trading. Citigroup’s investment banking arm helped it to top expectations for third-quarter results. Shares of Morgan Stanley rose 3% in premarket trading after topping estimates for both its third-quarter earnings and revenue. The stock market would likely be choppy in the weeks ahead as investors try to navigate earnings season and the presidential election.
ESZ24 (DEC2024): YVAH 5893 YPOC 5885 YVAL 5855 GAP 5859.25
/ES Plan: Yesterday market closed bearish, but overnight looks more bullish, still moving within previous value, so these're the opening and initial balance options for today:
