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Mixed Signals in the Stock Market Amid Earnings Reports
U.S. stock futures showed mixed results on Thursday, with the S&P 500 and Nasdaq futures inching up, while the Dow Jones Industrial Average slipped as earnings reports continued to flood in.
Investors are closely watching the latest earnings reports from major banks and retailers, which have shown a mix of strong performances and some disappointments. The S&P 500 futures rose by 0.1%, and Nasdaq futures gained roughly 0.3%, while Dow Jones futures fell by 0.2% due to a decline in UnitedHealth stock.
The market is still benefiting from a recent easing in consumer inflation, which has led to increased bets that the Federal Reserve may lower interest rates before July. This optimism was further supported by strong earnings from Bank of America and Morgan Stanley, although UnitedHealth's revenue fell short of estimates.
As the market awaits more earnings reports and economic data, including the December retail sales report and jobless claims update, investors remain cautiously optimistic about the potential for rate cuts and continued economic growth.
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