"Banks Drag Down S&P 500 and Dow Jones, Sending Indexes Lower"

The S&P 500 and Dow Jones sank as bank stocks, including JPMorgan Chase, Wells Fargo, and Citigroup, weighed on the indexes after reporting first-quarter earnings. Other notable movements included Arista Networks plunging, uranium stock Cameco breaking out before retracing, and Trump Media & Technology continuing its sell-off. Additionally, China's plan to eliminate American chips from its telecom networks caused Intel and AMD shares to decline, while Coupang soared after announcing a membership fee increase.