U.S. stocks fell at the opening bell on Thursday, keeping equity indexes on track to break their two-day rally as investors digested another round of bank earnings.
The S&P 500 was down 0.3% to 2,608. The Dow Jones Industrial Average shed 47 points, or 0.2%, to 24,159. The Nasdaq Composite slipped 0.4% to 7,011. Investor sentiment was weighed down by resurfacing tensions in U.S.-China relations.
And after mixed earnings in the past few days, banks such as Société Générale reported of a sharp drop in trading revenues. Shares of Morgan Stanley fell 4% after it reported the bank's earnings and revenues had fallen short of expectations thanks to weakness in its bond trading division.