U.S. stock futures were flat ahead of September consumer inflation data, after chip shares and mixed bank earnings weighed on Wall Street. Bank of America fell in after-hours trade after a more than $1.2 billion regulatory penalty.
01Summary
- 01Dow Jones Industrial Average futures fell 32 points, or 0.06%, while S&P 500 futures and Nasdaq-100 futures dipped 0.03% and 0.06%.
- 02Bank of America shares dropped more than 2% in extended trading after regulators hit the bank with more than $1.2 billion in penalties.
- 03The S&P 500 and Nasdaq Composite fell for a second straight session on Tuesday, while the Dow Industrial Average lost 0.35%.
- 04The VanEck Semiconductor ETF fell for a sixth straight session as chip stocks came under pressure from fears of an AI spending bubble and competition from China.
- 05Economists polled by Dow Jones expect September consumer prices to rise 3.6% year on year, up from 3.4% previously.
02Why it matters
The inflation reading could shape expectations for prices, rates and market sentiment in the near term. Bank earnings and chip shares are also helping set the tone for this week’s trading.
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