Traders work on the floor of the New York Stock Exchange.
new york stock exchange
Stock futures were little changed after Tuesday night. S&P500 This is a retreat from the record levels seen earlier in the week.
futures tied to Dow Jones Industrial Average It decreased by 39 points, or nearly 0.1%. S&P500 futures Although it was slightly lower, Nasdaq 100 futures An increase of less than 0.1%.
On Wednesday, investors announced that Bank of America, wells fargo, citygroup It plans to report quarterly results before the market opens. More inflation data is also on the docket as the December Producer Price Index report is released before the opening bell.
Major stock averages ended lower in regular trading on Tuesday. The S&P 500 fell 0.2%, and the 30-stock index fell 0.2%. Dow It lost nearly 400 points, or 0.8%. The Nasdaq Composite fell 0.1%.
Financial stocks were the worst-performing group among market-wide indexes. shares of JP Morgan Chase Investment banking fees appeared to be disappointing in the fourth quarter, falling more than 4%. goldman sachs and bank of america I felt sorry for you.
Oil prices also rose more than 2% on Tuesday after President Donald Trump canceled a meeting with Iranian officials and told protesters that “help is on the way.” Energy stocks rose, with the sector rising 1.5%.
President Trump’s recent call for a 10% cap on credit card interest rates in one year sent stocks of financial institutions lower, with MasterCard and Visa closing Tuesday in the red. Traders are grappling with a flurry of demands from the president, including his declaration that he would “not allow” dividends or stock buybacks to defense companies and that the U.S. should ban large institutional investors from buying single-family homes.
President Trump’s attacks on Fed Chairman Jerome Powell continued Tuesday as concerns about the central bank’s independence grow as the Justice Department conducts a criminal investigation into Fed leadership.
Stock prices may be starting to reflect the potential impact of President Trump’s demands, said Paul Meeks, head of technology research at Freedom Capital Markets. “This is a fallout from the threat to Fed Chairman Jerome Powell and the damage to bank profits as companies talk about capping credit rates at 10%… It’s just unnecessary anxiety,” he said.
Veteran technology analyst Meeks added that Tuesday’s drawdown is likely to present “some good buying opportunities” ahead of hyperscalers’ upcoming announcements on 2026 guidance and artificial intelligence capital spending plans.
