HeadlinesBriefing favicon HeadlinesBriefing.com

US Stocks Slip as Bank Earnings Pressure Markets

All News •
×

U.S. stock futures held steady Tuesday evening after Wall Street pulled back from record highs. JPMorgan’s shares dropped over 4% following weaker-than-expected investment banking results and concerns over potential credit card interest rate caps proposed by Trump.

The S&P 500 fell 0.2%, while the Dow Jones led losses with a 0.8% decline. Broader financial stocks including Visa and American Express also retreated. Traders are bracing for more bank earnings from Bank of America, Wells Fargo, and Citigroup Wednesday, seeking clues on economic health.

Investors showed little reaction to NVIDIA gaining approval to sell AI chips to China, as import clearance remains pending. Producer price data due Wednesday and ongoing Fed policy outlook are also in focus. Markets expect the Fed to maintain interest rates in January amid mixed economic signals.