Major banks' earnings reports have not affected stock futures today.

BY THE NUMBERS

Wall Street remained relatively stable on Thursday morning as it approached the end of a shortened week, with Dow futures indicating a potential opening gain of around 20 points. Meanwhile, there were signs that inflation may be approaching its peak, causing treasury yields to slip. (CNBC)

On Wednesday, stocks, particularly tech-heavy ones, ended their three-day losing streaks by climbing 1.12% and 2.03%, respectively. The S&P 500 added 344 points, or 1.01%. (Source: CNBC)

On Thursday, major U.S. banks including Goldman Sachs, Wells Fargo, Morgan Stanley, and Citigroup will release their first-quarter earnings before the bell. Goldman Sachs exceeded analyst expectations as its trading desks experienced higher-than-anticipated volatility. Wells Fargo's shares fell as its quarterly revenue missed estimates due to weaker-than-expected mortgage lending. Morgan Stanley's earnings topped estimates thanks to gains in trading revenue. Citigroup also reported better-than-expected trading revenue, leading to higher earnings. There are no notable earnings reports after the close.

The Commerce Department reported that retail sales in March slightly underperformed estimates, increasing by 0.5% instead of the forecasted 0.6% by Dow Jones.

The number of initial jobless claims for the week ended April 9 increased by 18,000 from the previous week to 185,000, according to the Labor Department. This was higher than the 172,000 initial unemployment filings that Dow Jones had estimated.

IN THE NEWS

Elon Musk has proposed to purchase Twitter for $54.20 per share, following his decision to abandon plans to join the company's board of directors. In a letter to Twitter's chairman, Musk stated that he believes the social media platform requires transformation as a private enterprise. (Source: CNBC)

Amazon plans to impose a 5% "fuel and inflation" surcharge on the fees it charges third-party sellers in the U.S. who use its fulfillment services, starting from April 28. The fee is subject to change, according to a notice obtained by CNBC. Meanwhile, Amazon CEO Jassy has released his first annual shareholder letter since taking over from Bezos, as reported by CNBC.

The evacuation of the entire crew of Russia's Moskva warship was carried out after the flagship of its Black Sea fleet was damaged. Ukrainian officials claimed that the country successfully launched a missile strike on the vessel, while Russia stated that the evacuation was due to a fire.

Russia warned Finland and Sweden that they would become new "opponents" if they join NATO, as Dmitry Medvedev, a key official on Russia's Security Council, stated on his Telegram channel. Meanwhile, the Kremlin has silenced war protests, from benign to bold, according to the Associated Press.

STOCKS TO WATCH

The company's Medicare Advantage business contributed to the growth in revenue, which exceeded Wall Street forecasts. As a result, UNH reported an adjusted quarterly profit of $5.49 per share, 11 cents above estimates. Additionally, the company raised its full-year outlook.

Rite Aid reported a larger-than-expected loss of $1.63 per share for its latest quarter, despite revenue exceeding estimates. The company also projected a smaller fiscal 2023 loss than anticipated by analysts and announced a cost reduction program. Shares rose as much as 5.5% in premarket trading before retreating.

UPS stock rose 1% after Loop Capital upgraded it to buy from hold, citing an attractive valuation for the delivery service's shares.

Susquehanna Financial downgraded (WDC) and (STX) based on predictions of weaker demand in 2023. Western Digital was moved from positive to neutral, while Seagate was moved from neutral to negative. Western Digital fell 3% in premarket trading, while Seagate lost 3.3%.

The fashion rental company's stock fluctuated in premarket trading after it announced a smaller-than-expected loss, as well as revenue and profit margins that surpassed Street estimates. The stock initially declined in off-hours trading as investors focused on a lighter-than-expected forecast for the current quarter, then rose before falling back again.