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By Chris Matthews and Mark DeCambre, MarketWatch

JPMorgan Chase, Wells Fargo and Goldman are among the banks set to report second-quarter results on Tuesday

U.S. stock futures were trading on either side of unchanged Tuesday morning a day after major equity indexes eked out a round of fresh all-time closing highs and as Wall Street digested a fresh, bank-heavy round of earnings reports.

How are the major benchmarks performing?

Futures for the Dow Jones Industrial Average rose 33 points, or 0.1% to 27,375, those for the S&P 500 index inched three points higher at 3,017.75, a gain of 0.1%, while Nasdaq-100 futures moved less than 0.1% higher at 7,996, adding 9.75 points.

On Monday, the Dow gained 27.13 points, or 0.1% record of 27,359.16, the S&P 500 index added 0.53 point, or less than 0.1%, to end at 3,014.30. The Nasdaq Composite Index rose 14.04 points to reach 8,258.19, a 0.2% increase. All three major indexes scored record closes.

What's driving the market?

Shares of JPMorgan Chase & Co. (JPM), Goldman Sachs (GS), and Wells Fargo & Co.(WFC) were in focus as the major U.S. lenders began delivering second-quarter results following a report from Citigroup Inc. (C)on Monday.

Investors were parsing bank results for signs of the impact of tariff disputes between Beijing and Washington and a regime of ultra-low and negative interest rates across the globe.

The Federal Reserve has hinted strongly that it is likely to cut interest rates as it attempts to dull the effect of trade conflicts and expectations that the economy may weaken somewhat in the 11th year of a history-setting economic expansion.

"Traders will be keeping an eye on the banks trading divisions, as revenue from trading has been subdued lately. Broadly speaking, fees from investment banking and wealth management have been on the rise, and investors will want to see income growth from advisory services," wrote David Madden, market analyst at CMC Markets UK, in a daily research note.

Against a lack of key drivers, however, trade has been listless across global markets.

"The bullish move that some equity markets enjoyed thanks to the slight improvement in US-China trade talks, and the chatter about the Federal Reserve lowering rates, has run out of steam, and some traders are taking a breather," Madden wrote.

Meanwhile, across the pond, the British pound was under pressure against the dollar, dropping 0.4%, after Boris Johnson and Jeremy Hunt, the two candidates vying to take over from departing Prime Minister Theresa May, both said Monday evening they wouldn't accept the so-called Irish backstop, previously agreed with the European Union as part of the long negotiations over the U.K's planned exit from Europe's trade bloc.

In economic data, investors will watching for a reading of retail sales for June, which are due at 8:30 a.m. Eastern Time. At the same time, a report on import and export prices will be released. At 9:15 a.m. a report on industrial production for June is set to be released.

Several Federal Reserve officials are expected to deliver speeches Tuesday, including Federal Reserve Board Gov. Michelle Bowman, Dallas Fed President Rob Kaplan and Chicago Fed President Charles Evans. Chairman Jerome Powell will speak at a conference in Paris at 1 p.m. Eastern Time, though he was not expected to offer different views than those expressed during Congressional testimony last week.

Which stocks are in focus?

Shares of Dow-component Johnson & Johnson(JNJ) were in focus after the health-care retailer produced quarterly results (http://www.marketwatch.com/story/shares-of-jj-up-08-after-earnings-and-revenue-beat-2019-07-16) that were better than expected while boosting its full-year outlook, though it reported falling revenue compared with the second-quarter of last year Shares of J&J were up 0.3% in premarket trade.

Fellow Dow component JPMorgan's stock fell 1.6% before the bell Tuesday, though the bank reported earnings and revenue (http://www.marketwatch.com/story/jpmorgan-tops-profit-and-revenue-estimates-2019-07-16) for the second quarter that beat analyst estimates. Shares in the bank had risen 16.7% year-to-date.

Shares of Goldman Sachs, also in the Dow, rose 0.5% after the bank reported second-quarter earnings and revenue that beat Wall Street expectations.

Shares of Wells Fargo weren't actively traded before the opening bell.

Domino's Pizza, Inc. (DPZ) stock fell 5.6% before the start of trade Tuesday, after the fast-food retailer reported second-quarter earnings that fell short of analyst estimates.

Facebook Inc.(FB) will be in focus as executives from the social-media giant are set to explain its digital currency venture Libra coin to a Senate banking committee later Tuesday. Facebook's stock was less than 0.1% higher before the opening bell.

How are other markets trading?

The yield on the 10-year Treasury note rose about one basis point to 2.098%

In Asia, stocks ended mixed, with the China CSI 300 falling 0.5%, Japan's Nikkei 225 declining 0.7% and Hong Kong's Hang Seng Index advancing 0.2%. European shares were virtually unchanged, with the Stoxx Europe 600 edging less than 0.1% higher.

In commodities markets, crude-oil prices rose 0.1%. Gold prices , advanced 0.1%.

The U.S. dollar rose 0.3% higher, as measured by the ICE U.S. Dollar Index.

(END) Dow Jones Newswires

July 16, 2019 07:55 ET (11:55 GMT)

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