Happy Tuesday, October 15th. All three major indices are falling intraday; bank stocks pulled in more earnings that came in above expectations, but tech and healthcare service earnings were pulling down indexes from recent records.

$ASML Holding (ASML.US)$ fell 17%, the lowest in semiconductors after the Dutch semi-making lithography machine firm reported Q3 orders of EUR2.63B but had forecast EUR5.59B.

Within industries tracked by moomoo, Semiconductor equipment and semis fell heavily. Chinese stocks pulled back overnight, and HK stocks fell during U.S. trading on moomoo.

Just past 12:50 PM ET the     $S&P 500 Index (.SPX.US)$ fell 0.41%, the        $Dow Jones Industrial Average (.DJI.US)$ fell 0.32%, and the     $Nasdaq Composite Index (.IXIC.US)$ fell 0.80%.

Monday, Fed Gov. Chris Waller said the economy is much stronger than previously thought, and the labor market remains quite healthy, speaking at Stanford University in California. Waller noted that the Fed and Wall Street had been fooled by reports over the summer that indicated the economy was slowing, according to MarketWatch.

"To remind you of how bad the markets viewed the July data, some Fed watchers were calling for an emergency [Fed] meeting to discuss a rate cut," Waller said.

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