June inflation data came in milder than forecasts, and leading banks reported strong quarterly results, two factors supporting a positive pre-market sentiment ahead of the trading session.

June CPI: Milder Than Expected

The Consumer Price Index for June fell 0.4% month-over-month versus expectations for flat readings. Year-over-year headline CPI printed at 3.5% (vs. 3.8% expected) and core at 2.6%. The softer print reinforces expectations for potential rate cuts later this year.

Major Banks Deliver Strong Results

Bank of America, JPMorgan, Goldman Sachs and Morgan Stanley all beat expectations. Several names reached new 52-week highs following the reports, lifting financial sector sentiment.

IBM Reports Mixed Preliminary Results

IBM posted preliminary Q2 revenue of $17.2 billion, up 1% year-over-year, but the stock fell around 15% in after-hours trading on mixed segment performance.

Today's Earnings Calendar

Key names reporting before the open include ASML, BlackRock, Johnson & Johnson, and others. Investors will watch how the market digests these releases.

Bottom Line

Morning chatter on X centers on the supportive inflation print and bank earnings beat. Futures signal a higher open, though volatility is likely to remain elevated as earnings season continues.