(Bloomberg) — US equity futures fell as investors studied earnings from some of Wall Street’s biggest banks, capping off a busy week for traders marked by a sharp retracement in wagers on interest-rate cuts.
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JPMorgan Chase & Co. dropped 4.4% in premarket after its outlook for full-year net interest income missed expectations. Wells Fargo & Co. shares retraced a slump after a miss on NII in its first-quarter report, with numbers due from Citigroup Inc. Contracts for the S&P 500 retreated 0.3%, while those on the tech-heavy Nasdaq 100 slid 0.5%.
European stocks rallied the most in more than two months, led by mining and energy stocks as simmering Middle East tensions pushed commodities higher. Brent climbed above $90 a barrel as traders watched how Iran might respond to a deadly attack on its diplomatic compound in Syria last week. Gold hit a record beyond…
