"Earnings Season Kickoff: Stock Fluctuations and Futures Fall"
TL;DR Summary
Stocks fluctuated as big bank results failed to lift hopes for a robust quarterly earnings season, with the Dow Jones losing 0.5% and the S&P 500 hovering around the flatline. Oil prices jumped over 2% after US-led airstrikes against Yemen's Houthi rebels, while BlackRock's assets under management exceeded $10 trillion and JPMorgan Chase reported a 12% boost in revenue. Jamie Dimon warned of "stickier" inflation and higher interest rates, emphasizing the need to be prepared for any environment.
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