Bank of America(US:BAC) Benzinga·2025-10-12 20:11Core Insights - The US stock market is facing significant challenges due to the ongoing government shutdown and renewed tariff concerns, particularly regarding potential increases in tariffs on Chinese goods [1][2][4] - The S&P 500 index has experienced a 2% decline since the shutdown began on October 1, marking its poorest performance during a shutdown since 1990 [2] - Upcoming earnings reports from major Wall Street banks are anticipated to provide critical insights into the economy and market conditions, especially in light of delayed economic data releases [3][4] Economic Impact - The government shutdown has led to the postponement of key economic data releases, including the consumer-price index, which is now scheduled for October 24 [3] - The lack of economic data has left investors uncertain, particularly as they missed the U.S. jobs report from the Bureau of Labor Statistics [2] Earnings Reports - Major banks such as JPMorgan Chase, Wells Fargo, Citigroup, and Goldman Sachs are set to release their earnings reports, which are expected to be pivotal in assessing Wall Street's profitability and the overall economic landscape [3][4] - The performance of these banks could influence market sentiment and set the tone for future trading amid the current economic turbulence [4]