(Reuters] – U.S. Stock Index futures dropped Monday due to lower Treasury yields. Bank of America wrapped earnings from Wall Street creditors with a stronger-than-expected quarterly profit.

Premarket trading saw Bank of America Corp. (NYSE:) rise 1% after it recorded strong consumer lending growth.

Market response to first-quarter bank earnings have been mixed as JPMorgan Chase & Co (NYSE:), Goldman Sachs Group Inc (NYSE: Citigroup Inc (NYSE 🙂 together put aside $3.36B in credit losses reserves due to rising inflation and the Ukraine War.

As of last week analysts were expecting 6.3% annual growth in aggregate earnings, which is lower than the 7.5% projected for the start of this year. Refinitiv data shows that.

Companies including Netflix (NASDAQ:), Tesla (NASDAQ:) Johnson & Johnson (NYSE:) and International Business Machines (NYSE:) are set to report this week.

Megacap Growth stocks fell as the benchmark rose 2.866%. This is its highest point since December 2018. [US/]

Tesla Inc rose 0.8%, however as Tesla Inc began to prepare to reopen Shanghai’s plants. The city is intensifying its efforts to restore normalcy after nearly three weeks of COVID closure.

The data earlier revealed that China’s economy suffered in March despite a better than expected first-quarter growth rate. It was worsening an already grim outlook caused by COVID-19 curbs, and the conflict with Ukraine.

With Russia striking hundreds of targets across Ukraine in a matter of hours, and destroying military posts using air-launched rockets, there was no hope for peace.

At 07:06 am. ET fell 49 points or 0.14 percent, while 12.25 points or 0.28% were lower, while 51.25 were flat, or 3.377%.

Shares of Twitter (NYSE) rose 4.4% on Friday after “poison pill”, a microblogging platform, was adopted by Tesla CEO Elon Musk to prevent him from increasing his share to 15% over a 1-year period.

Didi Global Inc fell 18.7% following the announcement by the Chinese ride-hailing giant that it would hold an extraordinary general assembly on May 23rd to discuss its plans for delisting in the United States.