Markets Drop With Earnings, Inflation Data, Trump Tariffs Ruling in Focus

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.