tesla shares fall in premarket after company cuts prices for some models us stock index futures fell on friday as wall street banks rolled out fourthquarter results with investors getting somewhat spooked after jpmorgan chase  cos ceo warned of headwinds on thursday the sp 500 rose 1356 points or 03 to end at 398317 the dow jones industrial average climbed 21696 points or 06 to finish at 3418997 the nasdaq composite advanced 6943 points or 06 ending at 1100110 need to know tesla is a softlanding stock says goldman sachs here are its picks for a gentle slide as well as a rough landing corporate news was swinging into focus on friday as banks and other companies rolled out results in the spotlight were shares of jpmorgan chase jpm down 2 revenue and earnings beat forecasts but noninterest revenue fell and ceo dimon said the bank is still unsure about headwinds from geopolitical tensions and persistent inflation that is eroding purchasing power also adding gloom was wells fargo  co wfc which reported profits that halved but beat expectations while revenue missed shares fell more than 3 in premarket trading bank of americabac reported forecast beating revenue and earnings as net interest income rose but shares were slightly lower citigroup inc c and unitedhealth group inc unh were still to report friday away from banks delta air lines inc dal shares dropped as the airlines fourthquarter results beat analysts top and bottom line estimates but guidance disappointed and shares of tesla inc tsla fell more than 4 in premarket trading after the company announced price cuts for its model 3 and model y cars that weighed on other automakers with shares of ford motor co f headed towards its first loss in 11 sessions with general motors co gm and rivian automotive inc rivn stock slipping as well more us economic data is also on the way a day after a report showing the first inflation fall in more than two years stocks saw a choppy day of trading on the back of that which to some was a sign investors had their hopes even higher for that ease in prices but it may help to build the view that the federal reserve may be done with jumbo interest rate hikes read why the stock market isnt impressed with the first monthly decline in consumer prices in more than 2 years according to fed fund futures financial markets now see no more than a oneinten chance of another 50bp move in february with a final 25bp hike in march not currently fully price in what this does is confirm suspicions that the fed will be done hiking rates sooner than most of its major peers which is clearly providing some headwinds to the us dollar said matthew ryan head of market strategy at global financial services firm ebury in a note to clients import prices for december will be released at 830 am eastern followed by the preliminary january university of michigan consumer sentiment index at 10 am that report will also include one and fiveyear consumer inflation expectations and after slowing inflation data investors are likely to focus more on what fed officials have to say about the future pace of interest rate increases stocks pushed higher thursday after st louis federal reserve bank president james bullard said the probability of a soft landing for the economy has increased due to encouraging inflation data he was followed by philadelphia fed president patrick harker who said quarterpoint moves would likely be appropriate going forward harker will speak again on friday at 1020 am eastern with minneapolis fed president neel kashkari just ahead of him at 10 am us stocks are headed for a winning week with the nasdaq and sp 500 on pace for their best weekly performance since november the nasdaq is up 409 through thursdays close the sp advanced 226 while the dow added 166 across other markets the us dollar was down 03 against the japanese yen  the bank of japan stepped in to buy more bonds after the benchmark 10year japanese government bonds breached the 05 cap it set just under a month ago the yield on the 10year us treasury note was up 3 basis points to 3483