US Stock Market Today S&P 500 Futures Slip As Inflation And Oil Jitters Build

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US stock futures are softer this morning, with S&P 500 contracts down about 0.6% as investors react to a jump in energy costs and stronger than expected US inflation. Brent crude sits near US$102 a barrel, which feeds directly into fuel, transport and household bills. At the same time, US consumer prices for March rose 0.9% from February, mainly because of energy, while a key inflation gauge that strips out food and energy is at 2.6% over the past year. The big question now is how long interest rates might need to stay high, a call that puts rate sensitive areas like tech, real estate and smaller companies under the microscope.

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Big US and European banks will set the tone for earnings as oil driven inflation keeps global bond markets in focus.

  • US megabank earnings: JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC) report Q1 on Tuesday, framing credit and deposit trends.

  • Asset management check: BlackRock (BLK) reports Q1 on Tuesday, highlighting investor appetite for funds as yields hover near recent highs.

  • Healthcare bellwether: Johnson & Johnson (JNJ) reports Q1 on Tuesday, offering a read on pharmaceuticals and medical products demand.

  • Wall Street profitability: Goldman Sachs (GS) posts Q1 results on Monday, showing how trading and deal activity are tracking.

  • US bank earnings continue: Bank of America (BAC), Morgan Stanley (MS), PNC (PNC) release Q1 on Wednesday, extending the sector earnings picture.

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Do not just react to headlines about rates and inflation; get ahead of them with our solid balance sheet and fundamentals stocks screener (41 results) featuring companies built on resilient cash flows and disciplined balance sheets.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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