Dow Jones futures and S&P 500 futures rose slightly Wednesday morning, while Nasdaq futures rose as Apple
) continued to power higher.
The stock market rally retreated modestly Tuesday amid a hot inflation report even as Apple stock and Microsoft
) continued to hit record highs. Federal Reserve chief Jerome Powell will speak Wednesday.Upwork
) broke out while Mastercard
) made a bullish move, offering an early entry.
Before the open, Bank of America
) and Wells Fargo
) report earnings, along with Delta Air Lines
The trio of bank earnings follow Tuesday results from Dow Jones giants JPMorgan Chase
) and Goldman Sachs
). Both JPMorgan and Goldman earnings beat views, despite lower fixed-income trading revenue. JPMorgan released $3 billion from loan loss reserves, boosting profits. Meanwhile, the June consumer price indexes boosted the 10-year Treasury yield.
Goldman stock fell 1.2% and JPMorgan 1.5%. BAC stock and Wells Fargo lost about 2% while Citigroup slid 1.5%.
What do you think? Please email us any questions or comments.Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.