Dow Jones Top Markets Headlines at 3 AM ET: U.S. Stocks Tick Down as Bank Earnings Don't Excite | Chinese ...

U.S. stock trading was subdued as early bank earnings failed to ease concerns about inflation and further Federal Reserve rate hikes. In the broader market sweep early on, China’s exports rose 36.3% year over year in September, beating expectations and potentially raising trade-friction risk. Other items highlighted include turmoil from Australia’s largest IPO in decades failing, an IMF warning that reliance on short-term debt could backfire as inflation shocks grow more frequent, and the Bank of England’s chief economist saying fewer rate increases than investors expect may be sufficient. Fed’s Williams left the door open to one more hike this year.