financetom
World
financetom
/
World
/
Stocks Rise Pre-Bell as Investors Await More Bank Earnings; Asia Churns, Europe Gains
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stocks Rise Pre-Bell as Investors Await More Bank Earnings; Asia Churns, Europe Gains
Jan 17, 2025 4:36 AM

07:12 AM EST, 01/17/2025 (MT Newswires) -- US benchmark equity indexes were trending higher ahead of Friday's opening bell as traders await the final round of bank earnings for the week.

Standard & Poor's 500 and the Dow Jones Industrial Average rose 0.4% each in premarket activity, while the Nasdaq added 0.5%. Asian exchanges were mixed to lower while European bourses were tracking in the green midday on the continent.

Shares of J.B. Hunt Transport Services (JBHT) dropped 11% pre-bell as the transportation and logistics company reported mixed fourth-quarter results. Rivian Automotive ( RIVN ) advanced 3.2% as the automaker secured an up to $6.6 billion loan from the US Department of Energy for the construction of a plant in Georgia.

Truist Financial ( TFC ) , Schlumberger ( SLB ) , Fastenal ( FAST ) , Wipro ( WIT ) , State Street (STT), Huntington Bancshares ( HBAN ) , Regions Financial ( RF ) , Citizens Financial Group ( CFG ) and Webster Financial ( WBS ) report their latest financial results early Friday, among others.

On the economic calendar, the housing starts and permits report for December is out at 8:30 am ET, followed by the industrial production bulletin for the same month at 9:15 am. The weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm.

Before the opening bell, bitcoin increased 1.8% to $102,244, West Texas Intermediate crude oil edged up 0.3% to $78.88 per barrel, yields on 10-year Treasuries retreated 1.6 basis points to 4.59% and gold declined 0.6% to $2,734 an ounce.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GLOBAL MARKETS-China gloom sucks life out of Asia's rate cut cheer
GLOBAL MARKETS-China gloom sucks life out of Asia's rate cut cheer
Mar 21, 2024
(Recasts to lead on Chinese markets, updates prices) By Rae Wee SINGAPORE, March 22 (Reuters) - Chinese stocks were a sea of red on Friday and the yuan fell sharply, dragging down the broader mood in Asia and putting a dent in the rate cut rally after a surprise move from the Swiss National Bank had investors wagering on who...
China yuan falls to four-month low, state banks step in
China yuan falls to four-month low, state banks step in
Mar 21, 2024
(Updates to midday) SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low of...
GLOBAL MARKETS-Asia shares on a roll as SNB kicks off rate cuts
GLOBAL MARKETS-Asia shares on a roll as SNB kicks off rate cuts
Mar 21, 2024
SINGAPORE, March 22 (Reuters) - Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the...
Asia shares on a roll as SNB kicks off rate cuts
Asia shares on a roll as SNB kicks off rate cuts
Mar 21, 2024
SINGAPORE (Reuters) - Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the arm for...
Copyright 2023-2025 - www.financetom.com All Rights Reserved