US eases premarket gains as earnings season starts

Wednesday, 13. April 2022 14:14

Earlier premarket rally on Wall Street lost steam on Wednesday as first-quarter corporate reports started pouring in. BlackRock, Delta Air Lines and JPMorgan Chase & Co. kicked off the new earnings season, with Bed Bath & Beyond falling over 10% after seemingly disappointing results.

Meanwhile, Fed senior official James Bullard voiced his support for the central bank's move to a restrictive monetary stance in an attempt to decrease high inflation.

The Dow Jones was flat, the Nasdaq 100 rose by 0.23% and the S&P 500 increased by 0.07% at 8:13 am ET. The euro was flat compared to the dollar to go for 1.08262 at the same time.

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Author:
Baha Breaking News (BBN) / MS