Wall Street's giants open earnings season as cooler inflation lifts stocks
Goldman books SpaceX IPO fees, JPMorgan trims for AI, and a cooler CPI print calms the Fed watch.
The big banks kicked off second-quarter earnings season Tuesday, with JPMorgan, Bank of America, Citigroup and Goldman Sachs all reporting. Among the takeaways: Goldman booked fees tied to SpaceX's IPO, while JPMorgan drew attention for job cuts linked to AI. The reports landed alongside a cooler-than-expected June inflation reading near 3.5 percent, and stocks bounced as bets on further Fed rate hikes eased.
