Dow Jones futures and S&P 500 futures rose slightly Wednesday morning, while Nasdaq futures rose as
Apple (
AAPL) continued to power higher.
The stock market rally retreated modestly Tuesday amid a hot inflation report even as Apple stock and
Microsoft (
MSFT) continued to hit record highs. Federal Reserve chief Jerome Powell will speak Wednesday.
Upwork (
UPWK) broke out while
Mastercard (
MA) made a bullish move, offering an early entry.
Before the open,
Bank of America (
BA),
Citigroup (
C) and
Wells Fargo (
WFC) report earnings, along with
Delta Air Lines (
DAL).
The trio of bank earnings follow Tuesday results from Dow Jones giants
JPMorgan Chase (
JPM) and
Goldman Sachs (
GS). 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%.
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