Dow, S&P 500, Nasdaq Futures Rise as Wall Street Looks to Big Bank Earnings

U.S. stock futures traded higher as investors looked ahead to the start of earnings season, following a strong rebound session that helped the major averages recover from Friday’s tariff-driven drop, Rina Howlett reported for Yahoo Finance.

Shares of major Wall Street banks have rallied for much of the year.

Contracts tied to the Dow Jones Industrial Average and S&P 500 rose 0.3%, while Nasdaq-100 futures gained 0.4%. Earnings season kicks off Tuesday morning with JPMorgan Chase, Citigroup, Goldman Sachs, and Wells Fargo reporting results.

Shares of major Wall Street banks have rallied for much of the year, and analysts expect to see rising profits across the group.

During Monday’s session, stocks rebounded from Friday’s rout after President Trump downplayed his threat to impose an additional 100% tariff on Chinese goods.

Meanwhile, with key economic reports stalled by the ongoing government shutdown, investors and the Federal Reserve lack a clear view of the economy’s direction.

The release of the consumer inflation report, originally scheduled for Wednesday, has been delayed to Oct. 24. Data on retail sales and producer prices are also expected to be pushed back.

The blackout of economic data adds weight to Fed Chair Jerome Powell’s upcoming speech on Tuesday at the National Association for Business Economics (NABE) annual meeting.