Futures slip ahead of Goldman, MS earnings

US stock index futures started the week lower ahead of quarterly results from Goldman Sachs and Morgan Stanley, with downbeat economic data from China denting investor sentiment globally on Tuesday.

Goldman Sachs (GS.N) and Morgan Stanley (MS.N) were set to wrap up a mixed season for big bank earnings with their fourth-quarter results due before the bell. Shares of both banks were down about 0.8% in premarket trading.

Their results will follow those of JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N), which beat quarterly earnings estimates last week, reported Reuters.

Wells Fargo & Co (WFC.N) and Citigroup Inc (C.N) earnings, though, fell short of expectations, with most big Wall Street lenders putting away rainy-day funds to prepare for a possible recession.

Analysts expect year-over-year earnings from S&P 500 companies to decline 2.2% for the quarter, according to Refinitiv data as of Friday.