- Wall Street equity futures fell while European stocks pared gains as investors considered the prospects for less aggressive rate hikes amid easing inflation pressures and examined major banks' earnings for clues on the future of the US economy.
- S&P 500 contracts decreased by 0.4%, while NASDAQ 100 contracts decreased by 0.5%. After slashing prices, Tesla fell in premarket trading, pushing down the stock of other automakers. After its earnings forecast fell short of expectations, Delta Air Lines declined.
- Following the miss on its net interest income estimate, JPMorgan shares fell 1.6%. After its earnings report, Bank of America lost some of its early gains. After its fourth-quarter revenue fell short of expectations, Wells Fargo saw a decline.
- A measure of dollar strength remained stable. Ten-year treasury yields as a benchmark increased. The performance of European stocks in the first two weeks of January is expected to be the best ever.
