Stocks point to higher open after J.P. Morgan, Goldman post Q2 beats

|By:, SA News Editor

Stock futures are modestly higher after a batch of generally positive economic reports and better than expected earnings results from JPMorgan Chase and Goldman Sachs; S&P +0.1%, Dow and Nasdaq +0.2%.

Asian markets ended higher, while core European markets trade little changed after climbing off early lows.

Dow components Goldman and JPM hold respective gains of +1.6% and +2.7% after both reported above-consensus results, but another Dow component, J&J, looks to open little changed after also reporting better than expected earnings.

Janet Yellen will give testimony to Congress on economy and monetary policy today beginning at 10 a.m. and Wednesday.

Treasurys hold slim losses to start the day, with the 10-year yield up less than a basis point at 2.55%.

Still ahead: business inventories.