Third-quarter earnings season began with JPMorgan Chase, Citigroup, Wells Fargo, and Goldman Sachs reporting results. Analysts are watching net interest income and trading revenue after a very strong second quarter and a recent rise in bond yields. Most large banks are expected to report year-over-year earnings growth.
Technology stocks faced pressure amid a sharp sell-off in Asian markets. Concerns about growing competition from Chinese chipmakers weighed on U.S. and South Korean tech shares.
U.S. stock futures reflected mixed sentiment: tech-focused index futures fell, while Dow futures rose.