Stock futures pointed to a flat start for Wall Street Tuesday with President Joe Biden scheduled to visit Israel Wednesday amid rising concerns of an escalation of the Israel-Hamas war. The third-quarter earnings season, meanwhile, picks up steam.Wall Street expects Johnson & Johnson to report third-quarter earnings of $2.52 a share on sales of $21 billion when the healthcare giant issues its numbers before the opening bell.
Third-quarter profit at investment bank Goldman Sachs is expected to fall 32% to $2 billion, or $5.42 a share, on revenue of $11.2 billion. With deal-making and trading off sharply, Wall Street will instead be focused on more strategic issues, such as Goldman’s retreat from its costly foray into consumer banking. Shares declined 0.3% ahead of the report.
Other companies scheduled to report quarterly earnings Tuesday include Prologis , Bank of New York Mellon , Albertsons , United Airlines , and J.B. Hunt Transport Services .
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