Wednesday's session will be decided by one number. U.S. stock futures were little changed overnight, with Dow futures down about 32 points, after a second straight losing session on Tuesday. September consumer price data is due Wednesday, with a Dow Jones survey pointing to inflation of 3.6 per cent year on year, up from 3.4 per cent.
Bank of America is the morning's focus stock. The Treasury fined the bank 1.21 billion dollars for widespread anti-money-laundering and sanctions failures, saying it failed to report more than 5 billion dollars in suspicious activity. The bank said its third-quarter results, due Wednesday, will include a non-deductible charge of about 1.2 billion dollars, and its shares fell in extended trading.
In insider disclosures, BlackBerry insider Tim Foote sold 8,441 shares on October 9 at an average price of C$11.68, for about C$98,591, reducing his holding by roughly 10.5 per cent to 71,616 shares, according to the filed transaction reported this week. Foote also sold 3,269 shares on October 2 at C$12.85.
Chip stocks are also on watch after the VanEck Semiconductor ETF fell for a sixth straight session amid AI-spending concerns, while big-bank earnings have set a high bar for the quarter. Insider filings and fines are public disclosures, not signals on their own: OTMedia reports market news only, and nothing here is a tip or a recommendation to buy or sell any security.
