Dow Jones set to open flat as Iran talks and bank earnings in focus

• Global oil supply fell by 10.1 million barrels per day in March, marking the largest disruption on record according to the International Energy Agency, with WTI crude trading at $97.71 per barrel, down 1.4%
• Major banks report earnings today including JPMorgan Chase, Wells Fargo, and Citigroup, with Wells Fargo down 2.1% premarket after a revenue miss and disclosure of $36.2 billion exposure to private credit firms
• Vice President JD Vance stated 'the ball is in the Iranian court' on resumed talks, while markets assess ongoing geopolitical risks after talks broke down over the weekend

Market Summary: US Markets Mixed on Iran Developments and Bank Earnings

Market Opening: US stock futures signal a mixed open on April 14, 2026, with Dow Jones futures slightly negative, S&P 500 futures up 0.2%, and Nasdaq-100 futures gaining 0.4%.

Previous Session: Wall Street closed higher Monday, with the Nasdaq rising 1.2%, S&P 500 up 1%, and Dow adding 0.6%. Both the Nasdaq and S&P 500 have recovered to pre-conflict levels.

Geopolitical Developments: US-Iran nuclear talks broke down over the weekend. Vice President JD Vance indicated "the ball is in the Iranian court," expressing the administration's willingness to normalize relations if Iran cooperates. The International Energy Agency reported global oil supply fell by 10.1 million barrels per day in March—the largest disruption on record—and warned of potential demand contraction this year.

Energy Markets: West Texas Intermediate crude declined 1.4% to $97.71 per barrel, while Brent crude edged higher in European trading.

Corporate Earnings: Major financial institutions and blue-chip companies are reporting results, including JPMorgan Chase, Wells Fargo, Citigroup, BlackRock, and Johnson & Johnson. Wells Fargo shares dropped 2.1% after missing revenue expectations and disclosing $36.2 billion in exposure to private credit firms.

Market Implications: Investor focus remains split between geopolitical risks affecting energy markets and corporate earnings performance. The significant oil supply disruption continues to weigh on market sentiment, while banking sector results provide insight into economic health amid elevated crude prices. Tech-heavy indices are showing relative strength despite broader uncertainty.