Banking Sector Woes Drag Down Market Futures as Loan Losses Mount
Market futures pointed lower Friday following credit quality concerns at regional banks and auto lender failures. The S&P 500, Nasdaq, and Dow futures all declined as commercial loan deterioration worries intensified.
Market Futures Decline Amid Banking Sector Concerns
U.S. stock futures were trending downward Friday morning as reports of commercial loan losses at regional banks and auto lender bankruptcies sparked concerns about credit quality deterioration, according to market analysis. Contracts tied to major indices showed declines, with S&P 500 futures reportedly falling 0.4%, Nasdaq 100 futures down 0.6%, and Dow Jones futures dipping 0.1%.
