Turmoil hit Wall Street on Tuesday, with all three major indexes closing in the negative after ratings agency Moody's expressed concern about the health of US banking.
Ten small US lenders have had their ratings downgraded, while big banks such as Bank of New York Mellon and Truist Financial are under scrutiny for possible future downgrades.
The agency further warned of possible problems ahead in the banking sector, pointing to possible funding risks and dwindling profits.
Following that, it can be seen that the shares of major banks such as Goldman Sachs fell 2% and Bank of America fell 1.9%, while Bank of New York Mellon fell 1.3% and Truist declined 0.6%.
Overall, the Dow Jones index fell 0.45% to 35,314.49, the S&P 500 lost 0.42% to 4,499.38 and the Nasdaq declined 0.79% to 13,884.32.
The US30 index was slightly changed at around 35,305.60 during the Asian session.
Meanwhile, healthcare stocks gained after being supported by Eli Lilly which jumped 14.9% following an encouraging quarterly report.
Shares of drugmakers around the world also rose after Denmark-based Novo Nordisk said its obesity drug, Wegovy, could reduce the risk of heart disease.
