Wall Street indices dip amid major U.S. bank earnings season

Wall Street indices experienced minor losses as investors reacted with caution to the start of the third-quarter earnings season for major U.S. banks. The Dow Jones Industrial Average fell 0.35% to close at 51,670.10, ending a three-day winning streak. The S&P 500 saw a slight decline of 0.02%, while the Nasdaq dropped 0.15%.

In the banking sector, results were mixed. Goldman Sachs shares closed down 0.2% despite an initial jump following its earnings announcement. Wells Fargo fell 3.1% after missing estimates, and Citigroup dropped 5.6% even though it exceeded earnings expectations. JPMorgan Chase saw a more modest decline of 0.8%.

Other notable movements included a 5.7% drop in Johnson & Johnson shares following warnings regarding the impact of the Middle East conflict. Meanwhile, UnitedHealth shares closed down 0.2% after an initial gain of over 4% driven by upward revisions to its 2026 forecasts. Investors remain focused on interest income, potential credit losses, and inflation data to gauge the economic environment and future Federal Reserve actions.