Markets steady as 87% of S&P 500 firms beat forecasts amid Trump-Fed dispute

U.S. stock futures showed minimal movement as investors considered corporate earnings and President Trump's disagreement with Federal Reserve Chair Jerome Powell. Dow Jones Industrial Average futures declined slightly, while S&P 500 and Nasdaq 100 futures remained stable. PepsiCo and GE Aerospace stocks increased after reporting better-than-expected quarterly profits. United Airlines stock decreased after reducing its full-year profit forecast, despite beating second-quarter expectations. Approximately 87% of S&P 500 companies have surpassed analysts' earnings expectations thus far. The market had previously reacted to reports that Trump intended to remove Powell, but later recovered when Trump stated he was not planning to do so. Asian markets mostly experienced gains, with Japan's Nikkei 225 and Australia's S&P/ASX 200 closing higher.