Wall Street stocks edge down early as banks ease following results
SPY•The Dow, S&P 500 and Nasdaq were slightly lower early Tuesday as bank shares mostly fell after quarterly results. Semiconductor shares dropped more than 1%, while UnitedHealth rose more than 1% after raising its 2026 profit forecast.
1. Stocks edge lower
The three major U.S. stock indexes were slightly lower in early trading Tuesday, with shares of major banks mostly down following quarterly results. Wells Fargo fell more than 2%, JPMorgan declined 0.8% and Goldman Sachs was nearly flat.
2. Sector moves
The semiconductor index fell more than 1% as memory makers came under pressure. Healthcare led S&P 500 sector decliners, while communication services rose the most. UnitedHealth gained more than 1% after raising its 2026 profit forecast, citing tighter medical-cost spending and improved margins in some units.
