US Markets Show Resilience Amid Bank Earnings Reports
Investors welcomed another round of impressive earnings from major banks, signaling a robust economic recovery. Morgan Stanley led the charge with a 12% increase in net revenue, closely followed by Goldman Sachs with a 15% rise, and Bank of America reporting a 4.3% gain. On the retail front, Johnson & Johnson announced a 5.8% sales increase, totaling $23.7 billion for the second quarter.

Inflation Data and Market Movements
Following Tuesday's positive reports from Citigroup, Wells Fargo, JPMorgan, and BlackRock, the market's focus remained firmly on the financial sector. Meanwhile, the latest inflation data revealed the US Producer Price Index remained unchanged in June, marking a 2.3% increase year-over-year.
At the opening bell, the Dow Jones Industrial Average saw a 0.35% rise, with Johnson & Johnson shares climbing 3.14%. The S&P 500 edged up 0.26%, buoyed by a 1.59% jump in Rockwell Automation Inc. shares. The Nasdaq 100 opened flat, and the euro dipped slightly against the dollar.
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