Five things you need to know before the market opens on Friday, October 13:
1. — stock market Today: stocks Fall as Inflation Fears, Rising Oil Hit Confidence
Renewed concerns about inflation, rising oil prices and the start of third-quarter earnings season had stocks in the red in early trading Friday.
2. — JP Morgan’s profits are in sight, with loans and trading fees in focus
Strong consumer banking profits are likely to offset a drop in trading fees and boost overall third-quarter profits for the country’s largest lender.
3. — UnitedHealth rises after beating third-quarter earnings and raising 2023 profit outlook
Dow Jones component UnitedHealth beat third-quarter earnings forecasts and raised the low end of its previous full-year earnings forecast.
4. — Wells Fargo earnings will highlight consumer lending, commercial real estate
Wells Fargo’s gains are likely to focus on costs tied to reloading the FDIC insurance fund, as well as its exposure to commercial real estate and consumer loans.
5. — Oil rises as Israel prepares for ground attack on Gaza, Iran warns of ‘reactions’
As Israel prepares for a ground attack on Gaza and Iran warns of the consequences and supports its Palestinian allies, global oil prices have risen again ahead of a volatile weekend in the Gulf region.
