June S&P 500 futures (ESM23) are up +0.10%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.08% this morning as market participants looked ahead to a major earnings week on Wall Street.
In Friday’s trading session, Wall Street’s main indexes ended lower as a slew of mixed economic data strengthened investor expectations for another Federal Reserve interest rate hike. Limiting the downside on Friday, financials gained ground to lead gains among the major S&P sectors, boosted by an over +7% jump in shares of JPMorgan (JPM) after the megabank reported upbeat Q1 results and lifted its net interest income outlook for 2023. Citigroup (C) and Wells Fargo (WFC) also reported stronger-than-expected results.
