Markets Fall as Earnings Season Ramps Up. Stock Futures Drop Ahead of Inflation Data.

Stocks were on course to open in the red on Wednesday as investors waited for bank results, a slew of economic data, and a potential Supreme Court ruling on the Trump administration’s sweeping tariffs. JPMorgan Chase reported a 7% drop in profit from a year ago, which overshadowed a softer-than-expected consumer price inflation print. JPMorgan “didn’t exactly get things off in auspicious fashion, with top- and bottom-line misses,” Michael Brown, a strategist at the foreign-exchange brokerage Pepperstone, said.