Bank Earnings Boost Stock Futures, But Mixed Data Weighs on Markets

Stock futures for the S&P 500 and Nasdaq-100 ticked higher on Sunday as investors await a crucial earnings week, with quarterly reports from financials including Charles Schwab, Bank of America, and Morgan Stanley. Other notable names outside of financials, including Tesla and Procter & Gamble, will also report earnings. Despite discouraging retail sales data, stocks remained resilient last week, with the Dow rising for a fourth straight week and the S&P 500 and Nasdaq Composite notching their fourth weekly advance in five weeks. U.S. Treasury Secretary Janet Yellen thinks banks could become more restrictive with lending, which could allow the Fed to stop hiking interest rates.