US open: Major indices trade lower as investors await Q3 bank earnings

Wall Street stocks were in the red yet again early on Tuesday as market participants continued to brace for the rapidly approaching Q3 earnings season.

As of 1525 BST, the Dow Jones Industrial Average was down 0.24% at 29,131.61, while the S&P 500 was 1.00% weaker at 3,576.30 and the Nasdaq Composite came out the gate 1.46% softer at 10,388.18.

The Dow opened 71.27 points lower on Tuesday, extending losses recorded in the previous.

Market participants digested comments from JPMorgan's Jamie Dimon at the bell, after the bank's chief executive warned that the US looked set to fall into a recession at some point over the next "six to nine months" and cautioned that the S&P 500 may fall as much as another 20%.

Also in focus, the yield on the 30-year US Treasury note climbed to as high as 3.941% early on Tuesday, its highest level in nine years, while the benchmark 10-year note yielded 3.963% and the two-year yield inched higher to 4.318%.

Escalating tensions in Ukraine, rising Covid cases in China, and mounting tensions between Washington and Shanghai also dampened sentiment prior to the opening bell.

On the macro front, the National Federation of Independent Businesses' business optimism index rose to a four-month high of 92.1 in September, up from 91.8 in August. However, the NFIB said fewer business owners expect to experience better business conditions over the next six months.

Still to come, September consumer inflation expectations data will be published at 1600 BST.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Amgen Inc. (AMGN) $244.63 5.38%
Walgreens Boots Alliance, Inc. (WBA) $32.29 1.41%
Johnson & Johnson (JNJ) $162.35 1.21%
Walmart Inc. (WMT) $130.78 1.13%
McDonald's Corp. (MCD) $236.66 0.73%
Coca-Cola Co. (KO) $54.69 0.55%
Procter & Gamble Co. (PG) $124.34 0.47%
Travelers Company Inc. (TRV) $157.97 0.31%
Merck & Co. Inc. (MRK) $90.69 0.23%
International Business Machines Corporation (CDI) (IBM) $117.94 0.16%

Dow Jones - Fallers

Salesforce.Com Inc. (CRM) $140.44 -3.57%
Dow Chemical Co. (DOW) $43.55 -2.96%
Walt Disney Co. (DIS) $92.85 -2.43%
JP Morgan Chase & Co. (JPM) $102.59 -2.29%
Intel Corp. (INTC) $24.70 -1.96%
Goldman Sachs Group Inc. (GS) $294.65 -1.96%
Microsoft Corp. (MSFT) $225.29 -1.73%
Boeing Co. (BA) $129.70 -1.67%
American Express Co. (AXP) $135.49 -1.47%
Chevron Corp. (CVX) $154.84 -1.47%

S&P 500 - Risers

Amgen Inc. (AMGN) $244.63 5.38%
Amerisource Bergen Corp. (ABC) $140.51 2.10%
Perrigo Company plc (PRGO) $38.61 1.79%
Kellogg Co. (K) $71.99 1.61%
General Mills Inc. (GIS) $77.62 1.58%
CenturyLink Inc. (LUMN) $6.61 1.54%
Campbell Soup Co. (CPB) $48.45 1.53%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $396.08 1.48%
Altria Group Inc. (MO) $44.09 1.45%
Kroger Co. (KR) $44.89 1.42%

S&P 500 - Fallers

Leggett & Platt Inc. (LEG) $31.17 -10.12%
Wynn Resorts Ltd. (WYNN) $58.03 -9.52%
Dish Network Corp. (DISH) $13.25 -6.16%
Mosaic Company (MOS) $49.86 -5.37%
Norwegian Cruise Line Holdings Ltd (NCLH) $11.27 -5.34%
Netflix Inc. (NFLX) $217.93 -5.24%
Meta Platforms Inc. (META) $127.12 -4.98%
Take-Two Interactive Software Inc. (TTWO) $112.15 -4.90%
Royal Caribbean Cr (RCL) $39.01 -4.85%
QUALCOMM Inc. (QCOM) $109.06 -4.84%

Nasdaq 100 - Risers

Amgen Inc. (AMGN) $243.35 4.82%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $395.10 1.23%
O'Reilly Automotive Inc. (ORLY) $732.68 1.12%
Walgreens Boots Alliance, Inc. (WBA) $32.17 1.02%
Kraft Heinz Co. (KHC) $34.40 0.98%
Vertex Pharmaceuticals Inc. (VRTX) $296.58 0.69%
Costco Wholesale Corp. (COST) $468.50 0.47%
Dollar Tree Inc (DLTR) $142.09 0.45%
Mondelez International Inc. (MDLZ) $55.84 0.40%
Liberty Global plc Series A (LBTYA) $15.91 0.35%

Nasdaq 100 - Fallers

Trip.com Group Limited (TCOM) $22.95 -13.73%
Wynn Resorts Ltd. (WYNN) $57.75 -9.96%
Baidu Inc. (BIDU) $107.72 -6.37%
Mercadolibre Inc. (MELI) $818.42 -6.21%
Paypal Holdings Inc (PYPL) $80.05 -5.29%
Dish Network Corp. (DISH) $13.39 -5.21%
Qurate Retail Inc. (QRTEA) $1.99 -5.02%
Meta Platforms Inc. (META) $127.18 -4.94%
QUALCOMM Inc. (QCOM) $109.24 -4.68%
JD.com, Inc. (JD) $45.44 -4.49%