5 things to know before the stock market opens on Tuesday

Happy Tuesday and happy belated birthday to the bull market, which officially turned four years old yesterday. As CNBC’s Sarah Min writes, celebrating your next birthday may be even more difficult.

Stock futures are mixed this morning. S&P500 This week started with a quiet session.

Here are five important things investors need to know to start their trading day.

Big banks started a new earnings season this morning, and investors were in for a surprise. JP Morgan Chase announced lower-than-expected financial results for both sales and bottom line. This is a rare earnings failure for the largest U.S. bank by assets.

Here’s what you need to know:

JPMorgan’s lower-than-expected numbers were due in part to lower fixed income trading revenue and third-quarter expenses that exceeded revenue. JPMorgan shares initially fell more than 3% in premarket trading as CEO Jamie Dimon said trading and investment banking activity in the Wall Street division had “slowed down a bit.” The stock pared losses after the bank raised its 2026 net interest income forecast.goldman sachsMeanwhile, Goldman reported strong revenue growth, driven in part by a 72% increase in equity trading revenue compared to a year ago. Goldman said its $1.65 billion in advisory revenue for the quarter was a record for the bank. Shares soared more than 3.5% before the bell. wells fargo Although the bank exceeded profit estimates, sales fell short, and its stock price has fallen. CEO Charlie Scharf said Wells Fargo’s consumers remain resilient despite economic risks of “rising interest rates, high oil prices and sustained inflation.” Live coverage of this morning’s earnings is available here.

Despite bipartisan opposition, President Donald Trump yesterday did not reverse his decision to ease restrictions on Russian diesel exports. “I made the right choice,” he wrote on social media.

Brent crude oil futures rose above $106 per barrel yesterday despite the deal allowing Moscow to supply diesel to global markets for the next six months. Rising oil prices weighed on the stock market in yesterday’s trading, but crude oil futures fell slightly this morning to more than $104 per barrel.

Follow live market updates here.

Delta Air Lines has postponed the start of nonstop flights between Atlanta and Riyadh, Saudi Arabia, following recent attacks on the capital’s airport.

Riyadh’s King Khalid International Airport remains closed after an airstrike claimed by Yemen’s Iran-backed Houthis killed at least 12 people and injured hundreds more. The Federal Aviation Administration urged U.S. airlines to use caution when flying in or around the country.

As CNBC’s Leslie Josephs points out, Delta’s route was to be the first nonstop commercial flight between the U.S. and Saudi Arabia operated by an American airline. “Safety will make the decision,” Delta CEO Ed Bastian said last week when considering whether to proceed with the route as originally planned. Direct services will begin in March instead of later this month.

Meta The company on Monday debuted Muse Wonder, which it calls the most advanced artificial intelligence model to power digital assistants. To access this model, users must pay for a subscription plan of at least $20 per month.

As CNBC’s Jonathan Bunyan points out, Muse Wonder’s price reflects Meta’s broader efforts to create AI-focused revenue streams beyond its core advertising business. The new model will also be available to programmers who have paid for the Meta Model API.

Alexander Wang, the company’s head of AI, said in an interview yesterday that Wonder was developed to enhance the capabilities of “individual and professional” agents. The model also features Meta’s “strongest protection to date” against “cyber exploitation,” the company said.

mcdonalds They rely on chicken and drinks to rule the roost. But as CNBC’s Brandon Gomez reports, the chain faces stiff competition.

Many of the fast food chains that derive consumer benefits from McDonald’s specialize in these two areas, according to data from Consumer Edge. Chick-fil-A, 7 Brews, starbucks is one of the top brands that has gained market share among McDonald’s customers.

Speaking of Starbucks: Yesterday, a spokesperson told CNBC’s Jim Cramer that the coffee chain is “not buying.” chipotle pepperdenied rumors of a possible acquisition. Chipotle stock fell nearly 4% in Monday trading.

Cleveland Fed President Beth Hammack said a restrictive monetary policy position is appropriate given concerns that consumer sentiment is becoming focused on inflation. Here’s what she told the National Association for Business Economics yesterday:

— CNBC’s Hugh Song, Raya Neelakandan, Leslie Picker, Ritika Shah, Kevin Browninger, Sean Conlon, Spencer Kimball, Leslie Josephs, Jonathan Bunyan, Brandon Gomez and Amelia Lucas contributed to this report.

Caleigh Keating helped produce this newsletter. Josephine Rozzelle edited this version.