Here’s what we’re watching ahead of Friday’s opening bell.
—U.S. stock futures edged lower as some investors grew concerned that President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan could lead to higher taxes.
Futures tied to the S&P 500 fell 0.3%, putting the benchmark on course to decline for a second day. Contracts tied to the Nasdaq-100 were flat and those linked to the Dow Jones Industrial Average slipped 0.5%. Read our full market wrap here.
What’s Coming Up
Retail sales for December are due at 8:30 a.m. ET, and a preliminary reading of consumer sentiment is due at 10 a.m. Both are expected to register small drops.
Market Movers to Watch
—Corporate earnings season kicked into high gear with updates before the bell from JPMorgan Chase , Citigroup and Wells Fargo . Shares of JPMorgan Chase wavered around the flatline after its profit jumped 42% during the recent quarter. Wells Fargo dropped more than 2% after revenue fell more than forecast but profit broke a streak of misses.
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