This metric has a 100% success rate of forecasting future stock market returns when back-tested over more than 150 years.

Live Updates Live Coverage Updates appear automatically as they are published. AmEx Downgraded 9:34 am Not all today’s banking news is good. S&P 500 component company American Express (NYSE: AXP) got hit today with a downgraded to neutral from Monness,

Tuesday marks a critical day for earnings, with JPMorgan Chase, Wells Fargo, Citigroup, State Street, and BlackRock all set to report before the opening bell. Wall Street is hoping a strong showing from financials can sustain the market’s momentum.

Several Wall Street investment banks and research organizations have recently lifted their year-end targets for the S&P 500. Bank of America and Goldman Sachs upwardly revised their outlooks in July, following Barclay, Citigroup, and Deutsche Bank, all of which raised their outlooks in June.

US stock market closed for Tuesday and S&P 500, Dow Jones Industrial Average, and Nasdaq investors will keep close eyes on Tuesday as Nvidia stocks were the stand out performer.

JPMorgan Chase raised its net interest income forecast for 2025 after strong results in investment banking and trading helped it surpass profit expectations for the second quarter.

Wall Street is pointing lower before the opening bell with new tariffs announced for Europe and Mexico and as the unofficial start of earnings season get under way this week. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq each retreated by about 0.3% early Monday.

Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.