Shares of banks and financial services companies are trading lower amid broader market weakness as investors reduce risk exposure following recent earnings from major technology companies. Persistent inflation and elevated oil prices are also keeping interest-rate uncertainty in focus, raising concerns about borrowing costs, loan demand and potential credit deterioration.

Shares of banks and financial services companies are trading lower amid broader market weakness as investors reduce risk exposure following recent earnings from major technology companies. Persistent inflation and elevated oil prices are also keeping interest-rate uncertainty in focus, raising concerns about borrowing costs, loan demand and potential credit deterioration.