Wells Fargo results topped expectations on both the top and bottom lines.
Ken Martin is a FOXBusiness.com Home Page Editor. Ken joined Fox Business in December 2009 after more than a decade as a producer at Bloomberg News. He is a graduate of St. John's University. Follow him on Twitter @KenAMartin
Goldman Sachs 2Q results beat on both the top and bottom lines.
The nation's largest bank reported $29 billion in revenue and profits of $2.82 per share.
Citigroup reported 2Q profit of $1.95 per share topping the estimate for $1.80. Revenue came in at $18.8 billion.
The world's second-largest economy grew 6.2 percent, but was lower than a year ago.
U.S. oil producers in the Gulf of Mexico have cut more than half their output because of a Tropical Storm Barry,
The impact on trade has been seen ever since President Trump started hiking tariffs last year on goods from China in a fight over Beijing's technology ambitions.
The incident came at a time of heightened tensions over Iran's unraveling nuclear agreement with world powers.
A decline in U.S. inventories also gave a boost to oil prices.
Markets are again optimistic about a possible interest rate cut.