Stocks Slip Ahead of Earnings Reports and Israel-Hamas Conflict Updates

Stocks slipped ahead of the bell Tuesday as investors weighed earnings and prospects for a US breakthrough in the Israel-Hamas conflict.

Bank of America reported a 10% rise in profit, echoing strong bank earnings last week. Goldman Sachs, Lockheed Martin, Johnson & Johnson and United Airlines also reporting earnings.

Earnings season shows encouraging signs of ending the earnings recession. Tesla and Netflix lead tech results Wednesday.

Rising Middle East tensions could drive a global recession, investors warn. Biden plans to visit Israel and Jordan have eased some worries.

Oil prices steadied as US intensifies diplomatic efforts and hopes grow for easing Venezuela sanctions.

Retail sales report expected to show slight growth when released Tuesday. Recent data has led bets Fed won't hike rates in November.