"Market Highlights: Big Bank Earnings, Stock Futures, and Chinese Chips"

JPMorgan Chase & Co., Citigroup, and Wells Fargo have all exceeded their first-quarter earnings estimates, with a focus on net interest income amid the current high-interest rate environment. Stock futures are edging lower after a volatile week influenced by inflation data, while Chinese officials have advised telecom providers to phase out American-made semiconductor chips by 2027, impacting companies like Intel and AMD.