U.S. Stock Futures Drop as Major Banks Pre-Market Losses Mount

Stock market pre-market trading saw significant losses on October 17th, with U.S. stock futures declining by more than 1% across the three major indices. This decline was particularly pronounced in the banking sector, where shares of large American banks experienced notable drops. Bank of America’s stock suffered a drop of over 3%, while Citigroup witnessed a decrease of 1.7%. Goldman Sachs and Wells Fargo also experienced declines, with reductions of approximately 1.4% for each, and JPMorgan Chase saw a decline exceeding 1%.