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U.S. stock futures were mixed on Monday, as the Dow Jones and S&P 500 indices rose, while the Nasdaq 100 index fell.
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Nine of 11 sectors are higher in Friday’s regular session, with cyclical sectors holding the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Warren calls Bank of America's $1.2 Billion AML penalty a slap on the wrist, urging tougher sanctions and a criminal probe as earnings fall.
The article ranks the four largest U.S. money-center banks. JPMorgan Chase is rated best for long-term consistency with industry-leading returns and premium valuation. Citigroup shows the most near-term upside potential following its successful turnaround strategy. Bank of America faces headwinds from low-yielding bond holdings but benefits from stable deposits. Wells Fargo, while solid, has already seen significant near-term gains and trades at full valuation.
The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.
Bitcoin struggles near $83,000 as analysts favor five altcoins tied to DeFi, tokenized stocks and AI infrastructure.