5 things to know before the stock market opens on Tuesday July 13

Here are the most important news, trends and analysis investors need to start their trading day:

U.S. equity futures were flat on Tuesday as the earnings season kicked off a day after the Dow Jones Industrial Average, S&P 500 and Nasdaq records closed. All major benchmarks have been on hot streaks, with the Dow Jones rising in seven of the past eight sessions, the S&P 500 rising in 10 of 12 sessions and the Nasdaq rising in eight of the past 10 sessions. The S&P 500 leads the three with a gain of 16.7% year-to-date. The Dow Jones and the Nasdaq are up about 14.3% for 2021.

The 10-year Treasury yield rose on Tuesday, trading at around 1.38%, after falling to 1.25% last Thursday. The performance move came after the government said its June consumer price index jumped 0.9% on both the overall figure and the non-food and energy core reading. It was almost double the expectations. Year-over-year numbers turned out to be better than expected, up 5.4% on the overall CPI, the fastest pace in nearly 13 years; the key rate jumped 4.5%, the sharpest move since September 1991.

JPMorgan shares fell nearly 1% in pre-market on Tuesday, after the bank reported better-than-expected second quarter earnings and income as the company released money put aside for loan losses. Borrowers have fared better than expected as the economy continued to retreat from the free fall of the Covid pandemic.

Goldman Sachs shares rose 0.3% in pre-market trading, after the bank’s second quarter earnings report beat Wall Street estimates, propelled by the investment bank’s strong performance during this year’s robust IPO market.

PepsiCo shares rose more than 1% in pre-market, after the beverage and snack company reported that its quarterly revenue rose more than 20% from a year earlier, as demand restaurants for his drinks had returned, fueling higher profits. PepsiCo also raised its outlook for full-year adjusted earnings per share. “A lot of the things we did during the pandemic, continuing to invest in the business, are now paying dividends now that mobility has increased and consumers are leaving more,” CFO Hugh Johnston said on Tuesday. CNBC’s Squawk Box.

Boeing shares fell 2% in pre-market after the aircraft maker announced Tuesday morning that it was reducing its delivery target for its undelivered 787 Dreamliner planes. Boeing has said it will temporarily reduce production rates after a new defect is detected on some of the widebody jets. Boeing said it will deliver less than half of the Dreamliners it has already produced but has yet to deliver to customers. CEO Dave Calhoun told an investor conference last month that the company would provide the “lion’s share” of the roughly 100 Dreamliners in its inventory this year.

The Food and Drug Administration is expected to issue a new warning for Johnson & Johnson’s Covid-19 vaccine, saying the vaccine was linked to a serious but rare autoimmune disease, the Washington Post reported on Monday, citing four anonymous sources. About 100 preliminary reports of Guillain-Barre syndrome have been detected after 12.8 million doses of J & J’s single vaccine were administered, the Centers for Disease Control and Prevention said in a statement to NBC News. Guillain-Barre is a rare neurological disorder in which the body’s immune system mistakenly attacks part of the nervous system.

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