U.S. stock futures were slightly lower Thursday evening, following a sharp sell-off in the regular trading session driven by renewed concerns over regional banks’ lending practices. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.06%, 0.06%, and 0.12%, respectively, at 6:26 p.m. EDT on October 16.
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The major indices ended lower today as regional banks slid, bond yields hit their lowest since April, and gold reached a new record high. Overall, the Dow Jones, the S&P 500, and the Nasdaq Composite fell 0.7%, 0.6%, and 0.5%, respectively.
Beyond banking, investors remain wary of global trade tensions, elevated valuations fueled by the AI boom, and the ongoing U.S. government shutdown, now in its third week.
Looking ahead, investors are awaiting key earnings reports from American Express (AXP), Comerica (CMA), SLB (SLB), Fifth Third (FITB), Huntington Bancshares (HBAN), and Truist Financial (TFC).
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