Dow Jones Today | US Stock Market Live Updates: Futures slip as Wall Street eyes bank earnings, inflation data

HomeMarket NewsDow Jones Today | US Stock Market Live Updates: Futures slip as Wall Street eyes bank earnings, inflation data

Dow Jones | Nasdaq Today | US Stock Market News Today Live: US stock futures traded lower on Wednesday morning after Wall Street pulled back from record levels earlier in the week, as investors weighed a mix of earnings cues, policy signals and macroeconomic data.

Futures tied to the Dow Jones Industrial Average slipped 101 points, or 0.2%, while S&P 500 futures fell 11.75 points. Nasdaq 100 futures were also marginally lower, down 41 points. In Tuesday’s session, the Dow lost nearly 400 points, with financials emerging as the worst-performing sector of the broader market.

Shares of JPMorgan Chase fell more than 4% after fourth-quarter investment banking fees appeared to disappoint, dragging peers lower. Goldman Sachs and Bank of America declined in sympathy, while payments majors Mastercard and Visa also ended the session in the red after President Donald Trump called for a one-year cap of 10% on credit card interest rates.

Traders have also been grappling with a series of fresh policy demands from Trump, including his declaration that he “will not permit” dividends or share buybacks for defence companies and that large institutional investors should be barred from purchasing single-family homes.

Attention now turns to earnings from Bank of America, Wells Fargo and Citigroup, along with December’s producer price index data due later on Wednesday.