Wall Street was holding steady in premarket activity on Tuesday following two days of record closes, as investors react to second-quarter earnings results from JPMorgan Chase and await reports from Wells Fargo, Johnson & Johnson and other top U.S. firms.
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The Dow Jones Industrial Average, S&P 500 and the Nasdaq were largely flat in futures trading. All three equity exchanges ended Monday at new highs.
Chase’s stock dropped slightly in premarket trading after the bank reported better-than-expected earnings through June. The nation’s largest bank earned profits of $2.82 per share, better than Wall Street expected and a 23 percent increase year-over-year.
Also coming this morning are results from Wells Fargo, which is in the midst of a search for a new top executive, and Johnson & Johnson, which is facing intensifying scrutiny over its role in the U.S. opioid crisis and potential cancer risks from its baby powder.