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%.