Wall Street braced for another inflation checkup after Tuesday's consumer price reading spurred traders to pare bets on Fed rate cuts in the coming months.

President Donald Trump sent the U.S. stock market on a jagged round trip after saying he had “talked about the concept of firing” the head of the Federal Reserve

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.

Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

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.

Wall Street benchmarks closed modestly higher on Wednesday, with the Nasdaq Composite achieving its latest record finish, despite a chaotic half hour when news reports suggested U.S. President Donald Trump was set to fire Federal Reserve Chair Jerome Powell.

Markets previously brushed off tariff risks under the assumption that President Donald Trump would follow his earlier pattern and eventually retreat. That allowed stocks to reach new record-high territory,

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

Wall Street’s Stock-Market Optimism Isn’t Stopping. Tuesday advance powers Dow to its fifth-straight record. By . David Uberti. Share. Resize. Listen (2 min)

PepsiCo (NASDAQ:PEP) is scheduled to announce Q2 earnings results on Thursday, July 17th, before market open. Wall Street, on average, expects the soda and snacks giant's giant to post a quarterly EPS of $2.