Market Snapshot: Here comes earnings season. U.S. stock futures rise as JPMorgan, BlackRock set to release results

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U.S. stock futures pointed higher Wednesday, on hopes the onset of earnings season will take the focus away from the surge in inflation that has ratcheted up Federal Reserve rate-hike expectations.

What’s happening

On Tuesday, the Dow Jones Industrial Average DJIA fell 88 points, or 0.26%, to 34220, the S&P 500 SPX declined 15 points, or 0.34%, to 4397, and the Nasdaq Composite COMP dropped 40 points, or 0.3%, to 13372.

What’s driving markets

First-quarter…