Stock futures were mixed early Tuesday, with traders digesting a slew of corporate earnings reports from major banks along with a steep overnight decline in South Korea that put pressure on memory names.

S&P 500 futures were down 0.1%, while Nasdaq-100 futures lost 0.7%. Dow Jones Industrial Average futures outperformed, rising 372 points, or 0.7%.

JPMorgan Chase reported third-quarter earnings and revenue that missed analyst expectations. The stock fell on the weaker-than-expected results, though it saw a slight boost at one point after the bank raised its net interest income guidance for 2026. Wells Fargo shed 2% on mixed Q3 numbers, while Goldman Sachs
 jumped 3% after its revenue for the third quarter surpassed expectations.

UnitedHealth, meanwhile, rose 3% after the insurance giant’s results exceeded analyst expectations.

Memory stocks were under pressure after South Korea’s Kospi benchmark dropped 5.5% — reaching its lowest level since July 31 — on valuation concerns in the space along with growing competition out of China. This week, China’s CXMT said it plans to release a new, more powerful chip by year-end.

SK hynix, along with Seagate Technology
, dropped 6%, while Western Digital lost 7%. Micron Technology and Sandisk each fell more than 4%.

The early reports could set the tone for an earnings season with lofty expectations. Analysts on average expect S&P 500 profits grew by nearly 30% from the year-earlier period, according to FactSet.

“Three groups will likely shape how investors read the season: 1) Banks (consumer and business health), 2) Big Tech (AI monetization), and 3) Energy (the durability of oil-driven profits),” wrote Anthony Saglimbene, chief market strategist at Ameriprise. “Underneath these areas, the health of consumers and businesses amid higher interest rates, elevated costs, and concerns about the macroeconomic environment will be closely monitored across sectors throughout the season.”

Investors on Tuesday will also parse through existing home sales figures along with commentary from Federal Reserve officials Tom Barkin and Susan Collins.

Later in the week, inflation data for September will be released – which could jolt Treasury yields after they reached multidecade highs recently. The U.S. bond market was closed Monday due to the Indigenous Peoples’ Day holiday.

Wall Street is coming off a mixed session. The Dow ended Monday more than 195 points higher, while declines in memory stocks pushed the Nasdaq Composite and S&P 500 into negative territory for the day.

In Europe, shares were broadly higher on Tuesday, with the pan-European Stoxx 600
 gaining 0.7% in morning trading. London’s FTSE 100 led gains among major regional bourses, on a rise of 0.8%.