Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Dow futures tick higher, banking crisis weighs

Published 24/03/2023, 09:44 am
Updated 24/03/2023, 09:46 am
© Reuters.

By Oliver Gray - U.S. stock futures were slightly higher during Thursday's evening trade, extending gains made in the regular session as investors digested the Fed's 25 basis point rate hike from earlier in the week, while the SPDR S&P Regional Banking ETF (NYSE:KRE) and SPDR S&P Bank ETF (NYSE:KBE) continued to decline.

By 18:50 ET (22:50 GMT) Dow Jones futures and S&P 500 futures added 0.1% apiece, while Nasdaq 100 futures fell 0.1%.

In extended deals, Scholastic Corp (NASDAQ:SCHL) fell 11.8%, reporting Q3 losses of $0.57 per share versus expected losses of $0.44 per share.

Heron Therapeutics (NASDAQ:HRTX) added 10% after the company reported Q4 losses of $0.17 versus expected losses of $0.32 per share, while revenue was reported at $30.03 million versus $27.24M.

Oxford Industries (NYSE:OXM) dipped 5.7% after reporting Q4 EPS of $2.28 versus $2.14 expected on revenues of $382M versus $377.07M expected.

Ahead in Friday's session, market participants will be looking toward durable goods data, manufacturing and services PMIs, and a speech from the FOMC's Bullard.

During Thursday's regular trade, the Dow Jones Industrial Average added 75.1 points or 0.2% to 32,105.3, the S&P 500 gained 11.8 points or 0.3% to 3,948.7, and the Nasdaq Composite lifted 117.4 points or 1% to 11,787.4.

On the bond markets, United States 10-Year rates were at 3.414%.


Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.