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.
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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.
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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.
