U.S. CPI in June was lower than expected, Nasdaq futures rose more than 1%, IBM plunged more than 22% before the market: What to watch tonight
On Tuesday, U.S. stock futures were mixed, with Nasdaq 100 futures up more than 1%, S&P 500 futures rising, and Dow futures falling slightly. Major European indexes fell broadly. (Source: Yingwei Finance) Data released before the market opened showed that the U.S. Consumer Price Index (CPI) increased by 3.5% year-on-year in June, with an expected increase of 3.8%, and the previous value of 4.2%. The U.S. CPI fell by 0.4% month-on-month in June, and is expected to fall by 0.1%. The previous value was an increase of 0.5%.
On Tuesday, U.S. stock futures were mixed, with Nasdaq 100 futures up more than 1%, S&P 500 futures rising, and Dow futures falling slightly. Major European indexes fell broadly. (Source: Yingwei Finance) Data released before the market opened showed that the U.S. Consumer Price Index (CPI) increased by 3.5% year-on-year in June, and was expected to increase by 3.8%, compared with the previous value of 4.2%. The U.S. CPI fell by 0.4% month-on-month in June, and is expected to fall by 0.1%. The previous value was an increase of 0.5%. The core CPI in the United States increased by 2.6% year-on-year in June, compared with the forecast of 2.8%, and the previous value of 2.9%. The core CPI in the United States in June was unchanged from the previous month, with an expected increase of 0.2%. International Business Machines Corporation (IBM) shares plummeted more than 22% before the market opened, after the company announced preliminary second-quarter results that showed earnings per share of $2.93 after excluding some items, lower than the $3.01 expected by analysts surveyed by FactSet. JPMorgan Chase, Wells Fargo, Bank of America and Citigroup also announced second-quarter results, and all four bank stocks fell premarket. However, Goldman Sachs' results exceeded market expectations, pushing the stock price up more than 1%. As the United States continues to launch attacks on Iran, the market's hopes for a rapid easing of the conflict have further weakened, and international oil prices continue to rise. Brent crude oil futures, the international oil price benchmark, rose more than 4% to more than $87 a barrel. What deserves investors' attention is that Federal Reserve Chairman Kevin Warsh will go to the House of Representatives to give testimony on monetary policy at 10 a.m. Eastern Time on Tuesday (10 p.m. Beijing time on Tuesday). [JPMorgan Chase’s adjusted revenue in the second quarter was US$58 billion, higher than market expectations] JPMorgan Chase announced on July 14 that its second-quarter adjusted revenue was US$58.02 billion, higher than the expected US$51.39 billion; second-quarter earnings per share were US$7.70. JPMorgan's second-quarter equity sales and trading revenue was $6.03 billion, above expectations of $3.98 billion. [Goldman Sachs Group’s net profit in the second quarter was US$6.63 billion, a year-on-year increase of 78%] On July 14, Goldman Sachs Group announced that its net revenue in the second quarter ended June 30, 2026 was US$20.34 billion, a year-on-year increase of 39%; net profit was US$6.63 billion, a year-on-year increase of 78%; diluted earnings per common share (EPS) was US$20.98, a year-on-year increase of 92%. [Bank of America’s net revenue in the second quarter was US$31.56 billion, higher than expected] Bank of America announced on July 14 that net interest income in the second quarter was US$16 billion, which was expected to be US$15.92 billion; earnings per share were US$1.21; second quarter net revenue (after deducting interest expenses) was US$31.56 billion, higher than the expected US$30.49 billion. [Citigroup’s second quarter revenue was US$24.77 billion, a year-on-year increase of 14%] Citigroup announced on July 14 that its second-quarter revenue was US$24.77 billion, a year-on-year increase of 14%; earnings per share were US$3.15. [Wells Fargo’s second-quarter revenue was US$22.62 billion, higher than expected] On July 14, Wells Fargo announced second-quarter revenue of US$22.62 billion, higher than the expected US$21.8 billion; second-quarter net profit was US$6.4 billion, or US$2.00 per share; average total deposits in the second quarter were US$1.47 trillion, compared with US$1.44 trillion previously expected. [IBM is still on schedule to deliver the first large-scale fault-tolerant quantum computer by 2029] On July 14, IBM announced some preliminary financial results for the second quarter of 2026: revenue of US$17.2 billion, a year-on-year increase of 1%; GAAP gross profit margin was 57.7%, a year-on-year decrease of 100 basis points; GAAP diluted earnings per share was US$2.27, a year-on-year decrease of 2%. In addition, IBM Chairman, President and CEO Arvind Krishna said that the company is still on track to deliver the first large-scale fault-tolerant quantum computer by 2029. [Samsung Electronics: Not considering the possibility of issuing American depositary receipts] According to reports, Samsung Electronics said on July 14 that the company was not considering the possibility of issuing American Depositary Receipts (ADRs).
Earlier media reports stated that Samsung Electronics is in the early stages of exploring the possibility of issuing U.S. ADRs and has preliminary discussions with banks, but has not yet decided whether to advance the plan. It is reported that Samsung Electronics will pay close attention to the volatile memory chip sector during the decision-making process. People familiar with the matter said that if the company decides to move forward with a U.S. listing, its huge business layout and ongoing labor disputes may pose challenges in designing the deal structure. [Buffett will donate 12 million Berkshire Hathaway Class B shares to four foundations] Berkshire Hathaway issued a statement on July 14 stating that Warren Buffett planned to convert 8,000 Berkshire Class A shares into 12 million Class B shares, and then donate these Class B shares to the Susan Thompson Buffett Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. [Buffett plans to dispose of his Berkshire Hathaway shares within eight years] According to Berkshire Hathaway's statement on July 14, Warren Buffett stated that the goal is to dispose of all of his Berkshire Hathaway shares in about eight years. "My children are also getting older, and I sincerely hope that the three of them can complete the disposal of these shares before December 31, 2034." [SoftBank launches network security service using OpenAI technology] On July 14, SoftBank and SB OAI Japan announced the full launch of the network security service "Patch as a Service" using OpenAI technology, expanding the promotion scope to 3,000 qualified Japanese companies. Events worthy of attention during the US stock market time period (Beijing time) 22:00 Federal Reserve Chairman Warsh attends the House Financial Services Committee's "Fed Semiannual Monetary Policy Report" hearing (
Earlier media reports stated that Samsung Electronics is in the early stages of exploring the possibility of issuing U.S. ADRs and has preliminary discussions with banks, but has not yet decided whether to advance the plan. It is reported that Samsung Electronics will pay close attention to the volatile memory chip sector during the decision-making process. People familiar with the matter said that if the company decides to move forward with a U.S. listing, its huge business layout and ongoing labor disputes may pose challenges in designing the deal structure. [Buffett will donate 12 million Berkshire Hathaway Class B shares to four foundations] Berkshire Hathaway issued a statement on July 14 stating that Warren Buffett planned to convert 8,000 Berkshire Class A shares into 12 million Class B shares, and then donate these Class B shares to the Susan Thompson Buffett Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. [Buffett plans to dispose of his Berkshire Hathaway shares within eight years] According to Berkshire Hathaway's statement on July 14, Warren Buffett stated that the goal is to dispose of all of his Berkshire Hathaway shares in about eight years. "My children are also getting older, and I sincerely hope that the three of them can complete the disposal of these shares before December 31, 2034." [SoftBank launches network security service using OpenAI technology] On July 14, SoftBank and SB OAI Japan announced the full launch of the network security service "Patch as a Service" using OpenAI technology, expanding the promotion scope to 3,000 qualified Japanese companies. Events worthy of attention during the US stock market time period (Beijing time) 22:00 Federal Reserve Chairman Warsh attends the House Financial Services Committee's "Fed Semiannual Monetary Policy Report" hearing (