American stock futures point to a flat
On Thursday, Wall Street stock futures stood still, when Bank of America Corporation officially reported a tumble in revenues as well as shares descend, a day after JP Morgan Chase & Co. powered an equity surge.
The Dow Jones Industrial Average futures lost 2 points, trading at 17,826. The S&P 500 futures sagged to 2,075.20, while the Nasdaq-100 futures traded at 4,545.50, a 2.5 point dip.
On Wednesday, the Dow industrials boasted the most impressive one-day revenue for the whole month. The surge was lead by JP Morgan, when the bank reported better-than-expected results. As for other financials, they followed suit.
That day, across other indexes, the S&P 500 managed to climb to 2,082.42 with its 1% surge, thus demonstrating the highest peak since last year’s December 4. The Nasdaq Composite soared 1.6%, trading at 4,947.42.
The greenback generated sharp profits against its Asian rivals, including China’s Yuan, when the Singapore central bank shocked the market by simply setting the rate of its nominal effective exchange rate to complete zero.