[BRIEFING.COM] The Nasdaq Composite trades 1.3% lower and the S&P 500 trades 1.3% lower while the Russell 2000 underperforms, showing a 2.1% decline.
The Nasdaq is on track to close 2.1% lower this week and the S&P 500 is 1.4% lower than last Friday. The small cap Russell 2000 trades 3.4% lower than last week.
Separately, some big banks report earnings next week, including JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), Goldman Sachs (GS), and Bank of America (BAC).