Updated

Major U.S. banks begin reporting third-quarter earnings this week, offering the first significant read on how the economy is faring amid rising bond yields. Expectations for strong earnings have been a key pillar supporting the stock market even as concerns mount over interest rates and oil prices, with one strategist warning markets have become 'extremely complacent.' The bull market, now four years old, has been driven largely by technology stocks, and commentators note that rising yields could threaten that dynamic. Investors are watching bank results closely for signals on credit conditions, loan demand, and the broader health of the economy in a higher-yield environment, as the earnings season will test whether corporate profit growth can continue to justify elevated valuations.