Posted 10/16/2023, 8:34:00 AM
Blinken Seeks Diplomacy in Middle East Visit as Earnings Season Ramps Up, Rite Aid Files for Bankruptcy
- Blinken attempts diplomacy to limit Middle East conflict during visit to region
- U.S. stock futures edge higher as earnings season ramps up; Fed chair Powell speaking later in week
- Eleven percent of S&P 500 companies reporting earnings this week, including Schwab, JNJ, NFLX
- Rite Aid files for bankruptcy amid opioid litigation, slowing sales and mounting debt
- Oil prices consolidate after last week's gains on Middle East tensions; Brent up 7.5% last week