U.S. Stock Futures Flat as Investors Brace for Bank Earnings and Inflation Data
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Wall Street concluded Monday with gains despite President Donald Trump's new threat of a 30% tariff on goods from the European Union and Mexico, effective August 1. The Dow Jones, the S&P 500, and the Nasdaq Composite climbed 0.2%, 0.1%, and 0.3%, respectively.
The earnings season kicks off this week with major banks such as JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) scheduled to report on Tuesday. Also, Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) are slated to release results on Wednesday.
Beyond earnings, investors are looking forward to the release of the June Consumer Price Index (CPI) report. Currently, economists forecast a 0.3% monthly increase and a 2.7% year-over-year headline reading.
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