U.S. equity index futures diverge. Contracts tied to the S&P 500 rise 0.1 percent. Nasdaq futures add 0.6 percent after Nvidia posts a pre market gain. Dow futures slip 0.1 percent following yesterday’s 0.2 percent advance. The ten year Treasury yield holds at 4.21 percent. Gold futures climb 0.3 percent to $2,370 an ounce. Brent crude adds 0.4 percent to $85.60 a barrel.
JPMorgan Chase posts second quarter earnings of $4.26 per share – beating the $4.11 estimate. Revenue totals $50.99 billion, above the $49.78 billion forecast. State Street reports earnings of $2.73 per share – surpassing the $2.35 estimate. Revenue reaches $3.18 billion – topping the $3.08 billion projection. Economists polled by Dow Jones Newswires but also The Wall Street Journal expect June CPI to rise 2.7 percent year-over-year, up from 2.4 percent in May; they project a 0.3 percent month-over-month increase. Core CPI, which strips out food and energy, is seen at 3.0 percent year-over-year, up from 2.8 percent.
Nvidia discloses a $4.5 billion charge for the fiscal first quarter tied to export restrictions on H30 chips sold to China.
Bitcoin trades at $57,200. MicroStrategy shares drop 1.9 percent in pre market activity. Coinbase Global shares decline 1.7 percent.
