Earnings, CPI, Persian Gulf Roil Wall Street Pre-Bell; Asia Up, Europe Off
Wall Street futures were mixed pre-bell Tuesday as tech shares somewhat recovered from Monday's rout, but as investors also awaited a pending inflation report, and kept eyes peeled for fresh Persian Gulf hostilities. Earnings season debuts in pre-bell hours with many financial giants reporting, including JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC), and Citigroup (C). In the futures, the S&P 500 fell 0.1%, the Nasdaq advanced 0.4%, and the Dow Jones was off 0.4%. West Texas Intermediate crude oil traded up 3.7% at $81.13 in morning action. The VanEck Semiconductor ETF (SMH) gained 1.8% pre-bell. On the earnings scene, Wells Fargo traded up 1.5% pre-bell after Q2 results topped expectations, while Bank of America rose 0.2%, also after beating outlooks. JPMorgan Chase (JPM) traded down 1.5% in early action despite a strong Q2 earnings report, although some gains were one-offs, and the big bank kept guidance unchanged. After digesting earnings, traders will look forward to the consumer price index (CPI) report for June, slated for an 8:30 am ET release in Washington Also in the Capitol, new Federal Reserve Chair Kevin Warsh will deliver.
Wall Street futures were mixed pre-bell Tuesday as tech shares somewhat recovered from Monday's rout, but as investors also awaited a pending inflation report, and kept eyes peeled for fresh Persian Gulf hostilities.
Earnings season debuts in pre-bell hours with many financial giants reporting, including JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC), and Citigroup (C).
In the futures, the S&P 500 fell 0.1%, the Nasdaq advanced 0.4%, and the Dow Jones was off 0.4%.
West Texas Intermediate crude oil traded up 3.7% at $81.13 in morning action.
The VanEck Semiconductor ETF (SMH) gained 1.8% pre-bell.
On the earnings scene, Wells Fargo traded up 1.5% pre-bell after Q2 results topped expectations, while Bank of America rose 0.2%, also after beating outlooks.
JPMorgan Chase (JPM) traded down 1.5% in early action despite a strong Q2 earnings report, although some gains were one-offs, and the big bank kept guidance unchanged.
After digesting earnings, traders will look forward to the consumer price index (CPI) report for June, slated for an 8:30 am ET release in Washington Also in the Capitol, new Federal Reserve Chair Kevin Warsh will deliver.