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 fears intensified across multiple sectors.
Market Futures Decline Amid Banking Sector Concerns
U.S. stock futures were down in pre-market trading Friday as reports of commercial loan deterioration at regional banks and auto lender failures continued to weigh on investor sentiment, according to market analysis. Contracts tied to the S&P 500 fell 0.4%, while Nasdaq 100 futures declined 0.6% and Dow Jones futures dipped 0.1%.