Wall Street experienced a brief pause following a surge driven by positive bank earnings. Morgan Stanley reported a significant profit rise, resulting in a 3.3% stock increase. UnitedHealth fell after missing revenue estimates.

US stock futures rose Thursday, lifted by a fresh slew of earnings releases and a revival of Federal Reserve policy-easing bets.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC,

Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.

Fed-funds futures traders inched closer to an almost 50% chance that the Federal Reserve will cut its benchmark interest rate by May, after Fed governor Christopher Waller told CNBC he sees a possibility of three to four reductions this year.

U.S. government debt rallied for a third session on Thursday, pushing yields to their lowest closing levels in weeks, after Fed governor Christopher Waller opened the door to the possibility of three or four rate cuts in 2025.

Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Morgan Stanley analyst Christopher Snyder maintained a Hold rating on WW Grainger (GWW – Research Report) today and set a price target of

Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Fourth-quarter net profit of Taiwan Semiconductor jumps 57%, Tesla shares slip, and UnitedHealth falls after releasing earnings.

Wall Street also kept a close eye on comments from Treasury secretary nominee Scott Bessent, who said the US faces an economic crisis if the 2017 Republican tax cuts aren’t extended.

A benign reading on inflation calmed fears about a renewal in price pressures and strong bank earnings helped the three major U.S. indexes notch their biggest one-day percentage gain since Nov. 6 on Wednesday.

The British 10-year gilt yield retreated for the second day, letting the British government breath a sigh of relief – especially after yesterday’s GDP data showed that the UK economy hasn’t expanded – at all – under the new Labour government.