September S&P 500 E-Mini futures (ESU26) are down -0.06% this morning as investors digest earnings reports from big U.S. banks, with the focus now turning to key U.S. inflation data and Federal Reserve Chairman Kevin Warsh’s congressional testimony.
JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) all reported stronger-than-expected Q2 results. However, their shares wavered in pre-market trading, with investors likely waiting for their earnings calls. Peers Citigroup (C) and Goldman Sachs (GS) are also scheduled to report before the U.S. market opens.