Banks' Big Earnings Test, OpenAI Revenue Uncertainty & Crude Cools

• Equity futures are higher across major indices ahead of Q3 earnings season.
• Q3 earnings season begins next week, with major banks (JPM, GS, WFC, C) reporting, with strong consumer spending noted as a positive.
• Confusion over OpenAI's annualized revenue figures (initially $50B, now $70B by 2026) caused a tech sector sell-off, affecting companies like MSFT and ORCL.
• Crude oil prices remain elevated around $90 due to geopolitical rhetoric and increased shipping costs, which could push interest rates higher.
• University of Michigan Consumer Sentiment data, expected to be historically low, will be released today at 10 AM ET.

Equity futures are higher ahead of Q3 earnings season, with major banks reporting next week. Uncertainty surrounding OpenAI's revenue figures impacted tech stocks, while elevated crude oil prices due to geopolitical tensions and supply chain costs are seen as a factor pushing interest rates higher. Consumer sentiment data is also anticipated.