LIVE MARKETS-Wall Street stocks edge down early as banks ease following results
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WALL STREET STOCKS EDGE DOWN EARLY AS BANKS EASE FOLLOWING RESULTS
The three major US stock indexes are down slightly in early trading on Tuesday, with shares of major banks mostly lower following their quarterly results.
An index of semiconductors .SOX is down more than 1% early with memory makers under pressure.
Shares of Wells Fargo WFC.N are down more than 2%, while JPMorgan JPM.N is down 0.8% and Goldman Sachs GS.N is nearly flat, all following their quarterly reports, which essentially kicked off the S&P 500's third-quarter earnings season.
On the flip side, shares of UnitedHealth UNH.N are up more than 1% after the company raised its 2026 profit forecast as it tightened spending on medical costs and improved margins in some units.
Here is the early market snapshot:
(Caroline Valetkevitch)
EARLIER ON LIVE MARKETS:
TECH'S LEAD OVER BANKS FACES ANOTHER TEST CLICK HERE
AN OLD MARKET PANIC, A DIFFERENT BANKING SECTOR CLICK HERE
THESE NAMES COULD SURPRISE - TO THE UPSIDE OR DOWNSIDE - JEFFERIES SAYS CLICK HERE
LUXURY'S LONG GAME CLICK HERE
AI JITTERS, BUT THE STOXX STILL RISES CLICK HERE
EUROPE BEFORE THE BELL: STEADY-ISH CLICK HERE
THE FRAGILE AI TRADE CLICK HERE