The shares erased minor losses after the opening bell on Tuesday when companies began reporting losses for the second quarter, giving traders a deeper understanding of how the COVID-19 pandemic affected the economy.
The Dow Jones Industrial Average rose 26 points, or 0.1 percent, and the S&P 500 rose 0.7 points, or 0 percent.
Wells Fargo announced a net loss of $ 2.4 billion in the second quarter, and cut its quarterly dividend more than expected, while Delta Airlines lost $ 5.7 billion, its worst loss since the 2008 financial crisis.
JPMorgan Chase, on the other hand, reported $ 4.7 billion in profit, a 51 percent drop from last year, but still positive.
Bank CEO Jamie Dimon noted that the economic path ahead remained uncertain.
“Despite some recent positive macroeconomic data and significant and decisive government action, we still face a great deal of uncertainty regarding the future path of the economy,” Dimon said in a statement.
Markets expect a 44 percent drop in earnings for the second quarter.
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