Barrons.com
Stock Futures Fall as Moody’s Puts Banks on Watch and China Data Disappoint
U.S. stock futures pointed lower Tuesday after Moody’s Investors Service placed a number of U.S. banks on review for downgrade and disappointing Chinese trade data heightened concerns over global demand. All three indexes rallied Monday, with the Dow notching its first gain in four days as investors looked ahead to Thursday’s inflation data. Moody’s placed the debt of a handful of U.S. banks on review for a potential downgrade, including U.S. Bancorp (ticker: USB), State Street (STT), Bank of New York Mellon (BK), Northern Trust (NTRS), Cullen/Frost Bankers (CFR), and Truist Financial (TFC).