Futures fluctuate as major banks report earnings



U.S. stock index futures hovered around the flat line on Friday as Wall Street looked to earnings reports from major banks.

Futures for the Dow Jones Industrials gained but 12 points, or 0.1%, to 24,906

S&P 500 futures subtracted 0.75 points to 2,797.75, while futures for the NASDAQ composite picked up 3.5 points to 7,386.25

While concerns about a potential broadening trade war between the U.S. and major economies keep investors on edge, Friday will see the release of a number of major corporate earnings.

Before the bell, Citigroup, Wells Fargo, First Republic Bank, Infosys, and PNC Financial Services Group will publish their latest financial results.

J.P. Morgan Chase reported better-than-expected earnings, sending its shares higher by 1%.

On the data front, import prices are due out this morning, followed by consumer sentiment. Elsewhere, the U.S. Federal Reserve is expected to publish its latest Monetary Policy Report to Congress.

This comes prior to Fed Chair Jerome Powell's testimony next week before the House Financial Services Committee and the Senate Banking Committee.

Overseas, in Japan, the Nikkei 225 rocketed 1.9%, while in Hong Kong, the Hang Seng index picked up 0.2%.

Oil prices tallied 33 cents to $70.66 U.S. a barrel.

Gold prices dropped $7.80 to $1,238.80 U.S. an ounce.