Skip to Main Content.
Site navigation
Fidelity.com Home
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant Opens in a new window
  • Log In
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant Opens in a new window
  • Log Out
  • Accounts & Trade
    • Portfolio Log In Required
    • Portfolio
    • AccountPositions Log In Required
    • AccountPositions
    • Trade Log In Required
    • Trade
    • Trading Dashboard Log In Required
    • Trading Dashboard Log In Required
    • Active Trader Pro
    • Transfers
    • Cash Management Log In Required
    • Cash Management
    • Bill Pay Log In Required
    • Bill Pay
    • Full View Log In Required
    • Full View
    • Security Settings Log In Required
    • Security Settings
    • Account Features Log In Required
    • Account Features
    • Statements Log In Required
    • Statements
    • Fidelity Alternative Investments Program Log In Required
    • Tax Forms & Information
    • Retirement Distributions Log In Required
    • Fidelity Rewards+registered trademark Log In Required
    • Fidelity Rewards+registered trademark Log In Required
    • New Account Checklist Log In Required
    • Lending Solutions-Line of Credit Log In Required
    • Refer a Friend
  • Planning & Advice
    • What We Offer
    • Build Your Plan
    • My Goals
    • Financial Basics
    • Building Savings
    • Robo Investing Plus Financial Advice
    • Wealth Management
    • Find an advisor
    • Retirement
    • Life Events
    • Saving & Investing for a Child
  • News & Research
    • News
    • Wealth Management Insights
    • Watch List Log In Required
    • Quotes
    • Quotes
    • Alerts Log In Required
    • Mutual Funds
    • Stocks
    • Fixed Income, Bonds & CDs
    • ETFs
    • Options
    • Markets & Sectors
    • IPOs
    • Annuities
    • Learning Center
    • Notebook
    • Notebook
  • Investment Products
    • Mutual Funds
    • Retirement & IRAs
    • Stocks and Trading
    • Direct Indexing
    • Fixed Income, Bonds & CDs
    • ETFs
    • Options
    • Sustainable Investing
    • Cash Management & Credit Cards
    • Managed Accounts
    • 529 College Savings
    • Health Savings Accounts
    • Annuities
    • Life Insurance & Long Term Care
    • Charitable Giving
  • Why Fidelity
    • The Fidelity Advantage
    • Planning & Advice
    • Trading
    • Straightforward Pricing
    • Insights & Tools
    • Security & Protection
    • Marketplace Solutions
    • About Fidelity
    • Careers
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant Opens in a new window
  • Log In
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant Opens in a new window
  • Log Out
Content and data provided by various third parties and Fidelity − Terms of Use
  • Research >
  • Stocks >
  • News & Events >

Stock Details


  • Snapshot
  • Detailed Quote
  • Advanced Chart &
    Technical Analysis Opens in New Window
  • News & Events
  • Compare
  • Analyst Opinions
  • Research Reports
  • Key Statistics
  • Earnings
  • Dividends
  • Ownership & Insiders
  • Financial Statements
  • SEC Filings

RELATED RESOURCES

  • Stock Research Overview
  • Stock Screeners
  • Markets & Sectors
  • Fidelity Learning Center Opens in New Window
Print Format
Change Text Size:
  • Default text sizeA
  • Larger text sizeA
  • Largest text sizeA

US STOCKS-Futures slip after mixed results from big banks

BY Reuters
— 7:41 AM ET 01/14/2022

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)

* JPM falls on trading slowdown in Q4

* Wells Fargo (WFC) jumps after higher profit

* Casino stocks up as Macau caps new licenses at six

* Futures down: Dow 0.14%, S&P 0.17%, Nasdaq 0.29%

By Bansari Mayur Kamdar and Shreyashi Sanyal

Jan 14 (Reuters) - U.S. stock index futures edged lower on Friday as big lenders including JPMorgan (JPM) and Wells Fargo (WFC) kicked off the fourth-quarter earnings season with a mixed batch of results, while big technology companies extended declines after a bruising selloff.

JPMorgan Chase & Co (JPM) tumbled 3.0% in premarket trading on reporting weaker performance at its trading arm, even as it beat earnings expectations for the fourth quarter.

Wells Fargo & Co (WFC), on the other hand, gained 1.8% after posting a greater-than-expected rise in fourth-quarter profit.

Asset manager BlackRock Inc (BLK) posted a fourth-quarter profit above estimates. However, its shares fell 0.1%.

Year-over-year earnings growth from S&P 500 companies was expected to be lower in the fourth quarter compared with the first three quarters but still strong at 22.4%, according to IBES data from Refinitiv.

The S&P 500 financial sector is up nearly 6% since the start of this year, outperforming the S&P 500, amid expectations of banks benefiting from interest rate hikes by the Federal Reserve and firming Treasury yields.

The financial sector has also benefited from a shift to economically sensitive sectors from growth sectors such as technology and consumer discretionary.

Megacap growth companies including Apple Inc (AAPL), Amazon.com Inc (AMZN), Microsoft (MSFT), Tesla and Meta fell up to 0.6% a day after a selloff triggered by multiple Fed speakers who put talks about inflation and interest rate hikes in focus.

At 7:11 a.m. ET, Dow e-minis were down 49 points, or 0.14%, S&P 500 e-minis were down 8 points, or 0.17%, and Nasdaq 100 e-minis were down 44.25 points, or 0.29%.

U.S. casino operators Las Vegas Sands, MGM Resorts , Wynn Resorts (WYNN) and Melco Resorts advanced between 3.5% and 10.3% after Macau's government capped the number of new casino operators allowed to operate to six with an operating period of up to 10 years.

Investors will be eyeing retail sales data later in the day, with analysts expecting it to remain unchanged in December after a 0.3% increase in November. (Reporting by Bansari Mayur Kamdar and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

More BLK News

  • Supply falls to a trickle; Lipper reports $763M of inflows
    SourceMedia Bond Buyer - 4:24 PM ET 12/17/2021
Fidelity Investments. Copyright 1998–2022 FMR LLC. 
All rights reserved. 

  • Terms of Use|
  • Privacy|
  • Security|
  • Site Map 
Close