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 his first semi-annual monetary policy report to the House Financial Services Committee, starting at 10 am ET.
Asian exchanges traded mostly higher overnight on AI- and semiconductor-sector recovery rallies, and after mainland China reported strong June international trade figures.
European bourses tracked moderately lower at midday on the continent.
Federal Reserve Governors Lisa Cook, Michael Barr, Michelle Bowman, and Chicago President Austan Goolsbee are slated to speak on Tuesday.
In pre-market action, Bitcoin traded at $62,593, and 10-year US Treasuries offered 4.62%. Spot gold commanded $4,016 an ounce.
Comments