Stock market today: Dow futures jump over 200 points as earnings roll in
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Dow futures jumped over 200 points as earnings reports lifted the market. The Dow Jones Industrial Average (DJIA) futures gained 0.6%, while futures on the S&P 500 and Nasdaq 100 also revived. United Health beat profit estimates, Bank of America reported a drop in profit, and Morgan Stanley topped expectations. Bond yields continued to rise, reaching 2024 highs. Tensions in the Middle East between Israel and Iran are being closely watched. BNY Mellon's CEO discussed interest rates and markets, mentioning geopolitical risks, high inflation, fiscal challenges, and debt sustainability in the US. Starbucks' upcoming earnings report is expected to be impacted by falling store traffic and high prices. Market futures have been volatile, with investors hoping for a June interest rate cut.
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