Futures contracts tied to the S&P 500 were muted early this morning, even as investors digested better-than-anticipated second-quarter earnings from big banks.
JPMorgan Chase shares fell 0.5% during the premarket, despite posting higher earnings than expected. Goldman Sachs, meanwhile, saw its shares inch slightly higher after the company shared fiscal results that topped expectations.
The Dow Jones Industrial Average fell approximately 21 points in the premarket while futures tied to the Nasdaq 100 ticked slightly higher.
“High expectations for earnings and each companies’ forward guidance will push markets higher or disappointment may create a small pullback in equity markets,” said one expert. “Eyes will be on the major banks to set the tone for the next few weeks of earnings.”
What else should you know about the market this morning?
More Headlines You Need To Read:
How one man earns $1 million just by cleaning out a drawer
The top five stocks to have your eyes on as space excitement continues
This old video game is worth nearly a million bucks right now
The CEO of Tesla just dropped $10,000 to go to space with Virgin Galactic
What causes this man in a parachute to crash into a California home?
Virgin Galactic files to sell $500 million in stock day after journey to space