Stocks Rebound at Open After 3 Days of Losses on Bank Earnings

Stocks rebounded at Tuesday's opening bell on strong bank earnings. JPMorgan Chase (JPM) reported Q3 profit and revenue beat expectations. Citigroup (C) beat estimates by $0.03, revenue was also above consensus. Wells Fargo (WFC) matched estimates with Q3 profit but its revenue was slightly above expectations. Johnson & Johnson (JNJ) beat earnings on both the top and bottom lines. The pharmaceutical company also raised its full year outlook. The Small Business Optimism Index dropped 0.8 point to 95.3 in September. According to the latest survey, American small business owners said they expected a slowdown in sales and a harder time finding help and filling job openings. Good news for consumers, prices at the pump are sliding. Crude oil prices fell to multi-year lows as the International Energy Agency made more cuts to its demand growth forecast.