The stock market opens flat as Wall Street unofficially includes bank results in fourth quarter earnings

<pre><pre>Boeing, Travelers' losses have contributed to Dow's 75-point decline

US equity indices were slightly lower on Tuesday as investors revised JPMorgan Chase, Citigroup and Wells Fargo's quarterly results at the beginning of the fourth quarter earnings season. The Dow Jones Industrial Average

DJIA, + 0.46%

fell 0.1% to 28,900, the S&P 500 index

SPX, + 0.13%

declined 0.1% to 3,283 during the technology-intensive Nasdaq Composite Index

COMP, + 0.17%

gave up 0.1% at 9,263. JP Morgan

JPM, + 1.80%

The reported earnings exceeded Wall Street forecasts. The Dow component was trading higher early Tuesday. Meanwhile Citi

C., + 2.67%

fourth quarter earnings and sales exceeded expectations while Wells Fargo

WFC, -4.15%

For the last three months of 2018, some analysts reported weaker-than-expected earnings and sales. The start of the winning season will temporarily overshadow US-China trade discussions. Beijing delegates are expected to sign a preliminary trade pact later this week. Market growth is driven by the easing in China and the United States, but strategists say profits need to be improved so that the market can see further growth in 2020. In economic news, consumer prices rose less than expected in December, the consumer price index rose 0.2% from the 0.3% expected by economists surveyed by MarketWatch. The year-on-year increase was 2.3%, the largest annual increase since 2011.