Wall Street slides after bank earnings and tech pressure

Wall Street slides after bank earnings and tech pressure

U.S. stock indexes slide on Tuesday, as technology shares faced renewed selling pressure while investors worked through a fresh batch of quarterly results from major banks.

The blue-chip Dow DJI was last +0.2%, the benchmark S&P 500 (SP500) was -0.2%, and the tech-focused Nasdaq Composite COMP was -0.3%.

From a sector-by-sector basis, four of the 11 segments were in the green, led by energy. At the other end of the spectrum, industrials struggled the most.

On the earnings front, Wells Fargo WFC stock fell as Q3 capital market revenues lagged. JPMorgan's JPM Q3 earnings and revenue missed Wall Street consensus estimates.

Moreover, UnitedHealth Group UNH shares also dipped after the firm reported better-than-expected third-quarter results and raised its full-year 2026 earnings guidance for the third time this year.

The U.S. 2-year Treasury yield US02Y pushed up 2 basis points to 4.81%, the U.S. 10-year Treasury yield US10Y dipped 2 basis points to 5.21%, and the U.S. 30-year Treasury yield US30Y slipped 3 basis points to 5.56%.

As for stocks that were on the move, shares of Salesforce CRM advanced +2.3%, while shares of Seagate Technology STX fell -2.7%.DisclaimerContent provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.