US Futures Lower as Earnings Season Kicks Off

Stock futures in the US were in the red on Friday, with the three major averages falling about 0.5% each, as the earnings season kicks off. Delta Airlines sank more than 5% in premarket trading even after the airline beat on EPS and revenue and said it expects another strong year of travel. UnitedHealth Group declined about 5.5% in premarket hours after beating earnings expectations but reported a higher-than-expected utilization of medical services. BlackRock was little changed before the opening bell although it also topped forecasts for earnings and revenue. JPMorgan, Citigroup, Bank of America and Wells Fargo are also due to report quarterly results today. Meanwhile, Tesla shares lost more than 3% in premarket trading after the company announced it would halt production in its Berlin plant due to conflicts in the Red Sea and the associated shifts in transport routes between Europe and Asia via the Cape of Good Hope.


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