U.S. stock futures were flat on Tuesday evening after a strong trading session driven by softer June inflation data. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.13%, 0.04%, and 0.09%, respectively, at 6:22 p.m. EDT on July 14.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Stocks ended higher on Tuesday after June CPI came in softer-than-expected. However, IBM’s (IBM) weak preliminary results kept gains in check. The Nasdaq, the S&P 500, and the Dow rose 0.9%, 0.4%, and less than 0.1%, respectively.
Also, banks reported strong results today, with JPMorgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), and Goldman Sachs (GS) all beating estimates. Attention now shifts to earnings reports from United Airlines (UAL), Morgan Stanley (MS), Johnson & Johnson (JNJ), and BlackRock (BLK).
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