Stock futures drift ahead of fresh earnings, economic data


Stock futures opened little changed Wednesday evening after another choppy session in the markets, with another batch of bank earnings and labor market and inflation data due for release on Thursday. 

Contracts on the S&P 500 hugged the flat line. Earlier, both the blue-chip index and Nasdaq closed out the session higher, led by a jump in technology stocks as Treasury yields pulled back after a recent run-up. The drop in yields— with the benchmark 10-year yield pulling back below 1.55% after topping 1.62% just earlier this week — also catalyzed a drop in the financials sector, which was the biggest laggard in the S&P 500 on Wednesday.

Bank earnings are set to continue on Thursday with companies including Bank of America (BAC), Morgan Stanley (MS) and Citigroup (C) posting quarterly results before the opening bell. 

The results will follow a strong report from JPMorgan Chase on Wednesday. America’s largest bank by assets posted third-quarter results…

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