LIVE MARKETS-U.S. indexes fall again; tech, banks downs sharply

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US INDEXES FALL AGAIN; TECH, BANKS DOWN SHARPLY

The three major U.S. stock indexes are lower each in early trading Tuesday, with shares of major banks including Goldman Sachs GS.N down sharply following results also shares of technology companies as concerns about the U.S.-China trade conflict continue.

Technology .SPLRCT is down 2%, leading S&P 500 .SPX sector declines.

The market had jumped on Monday after a sharp selloff on Friday tied to the U.S.-China trade war worries.

The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil.

Goldman Sachs shares are down more than 5% in early trading while shares of JPMorgan Chase JPM.N, which also reported quarterly results on Tuesday, are down about 4%.

Both banks, however, beat Wall Street expectations for their quarterly profit on Tuesday, while JPMorgan also raised its full-year forecast for net interest income.

The banks are kicking off the third-quarter U.S. reporting periods, which investors are hoping will provide some clues about the economic outlook given the lack of economic reports from the U.S. government as it remains shut.

Here is the early market snapshot:

(Caroline Valetkevitch)

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