Futures slip as investors digest big bank earnings

Oct 13 - Futures tracking Wall Street's main indexes fell on Friday as investors assessed earnings from big U.S. banks, while Treasury yields eased following a spike in the previous session.

"Even as market prices have fallen over the past several weeks, earnings estimates for the year ahead have continued to rise," Rob Swanke, senior market strategist at Commonwealth Financial Network, said in a note. U.S. stocks registered their first decline in five days on Thursday as yields rose after consumer inflation data and weak demand in the auction of U.S. 30-year bonds.

Federal Reserve Bank of Boston President Susan Collins said on Thursday the strength of the economy is what opens the door to high short-term rates staying in place for a while. At 6:58 a.m. ET, Dow e-minis were down 2 points, or 0.01%, S&P 500 e-minis were down 7.75 points, or 0.18%, and Nasdaq 100 e-minis were down 65.5 points, or 0.43%.

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