U.S. stock index futures hovered around the flatline Thursday morning as investors digested mixed signals from Washington and prepared for another round of corporate earnings.
Key Highlights:
Dollar Index Rebounds: The U.S. Dollar Index rose 0.3% to 98.405, reversing sharp losses from Wednesday after President Trump clarified he has no plans to fire Federal Reserve Chair Jerome Powell.
Fed Independence Back in Focus: Markets reacted to brief speculation over Powell’s future. A Trump dismissal would mark a historic first, but his walk-back helped stabilize markets.
Earnings Season Builds: Netflix (NASDAQ:NFLX) is set to report Q2 earnings after market close. Other key names reporting include GE Aerospace (NYSE:GE), PepsiCo (NASDAQ:PEP), Elevance Health (NYSE:ELV), and Cintas (NASDAQ:CTAS).
Data Ahead: Investors await jobless claims and retail sales numbers for signs of consumer strength and to assess future Fed policy direction.
API Integration Suggestion:
Earnings Calendar – FinancialModelingPrep: Track upcoming earnings for Netflix, PepsiCo, and other S&P 500 companies.
Economics Calendar – FinancialModelingPrep: Stay updated on releases like jobless claims and retail sales that may affect Fed outlook.
