Stock futures inch lower as earnings season continues

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The moves come after Goldman Sachs shares weighed on the Dow Jones Industrial Average during Tuesday's regular session.

Moderna jumped more than 6%

During the regular session Tuesday, the Dow declined about 391 points, or 1.14%. Shares of Goldman Sachs tumbled —and dragged on the 30-stock index — after the bank posted. The S&P 500 dipped 0.20%. Meanwhile, the tech-heavy Nasdaq Composite was the only one among the major averages to buck the trend, rising 0.14%.

"This is a really pivotal earnings season to find out whether or not companies can weather the storm and how long they can weather it for," SoFi's Liz Young said Tuesday on CNBC's "Closing Bell: Overtime." Traders are anticipating a slew of economic reports Wednesday, including the latest data for the producer price index and retail sales.

 

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