Daily Comment

Tuesday March 28th

U.S. stock index futures were quiet Tuesday, while bond yields continued to extend gains as investors monitored the latest developments in the banking sector after the sale of Silicon Valley Bank. Futures tied to the S&P 500 and futures on the Dow Jones Industrial Average ticked down near the flatline Tuesday morning. Contracts on the […]

Monday March 27th

U.S. stock index futures rose with European stocks as the prospect of further support from US authorities eased some concerns over the troubled regional banking sector. Contracts on the S&P 500 rose about 0.3%. First Republic Bank shares jumped 34%, leading regional peers higher, after Bloomberg reported that US authorities are considering expanding an emergency […]

Friday March 24th

U.S. stock index futures fell Friday as a plunge in shares of Deutsche Bank in Europe raised investor fears about the banking sector once again. Futures tied to the Dow Jones Industrial Average slid 333 points, or 1.03%. S&P 500 futures dipped 0.84%, while Nasdaq-100 futures were 0.5% lower. Deutsche Bank’s U.S.-listed shares slid about 11% in the premarket after […]

Thursday March 23rd

U.S. stock index futures rebounded on Thursday from a 500-point loss in the Dow Jones Industrial Average as investors bet the Federal Reserve was done hiking interest rates. Futures tied to the Dow Jones Industrial Average added 84 points, or 0.2%. S&P 500 futures rose 0.6%, and Nasdaq-100 futures advanced by 1%. Regional banks rose in the premarket, with the SPDR […]

Wednesday March 22nd

U.S. stock futures wavered ahead of the open on Wednesday as Wall Street awaits for the Federal Reserve's latest interest rate decision amid of a fast-moving banking crisis. Futures tied to the S&P 500 and futures on the Dow Jones Industrial Average ticked up near the flatline. Contracts on the technology-heavy Nasdaq Composite edged down […]

Tuesday March 21st

U.S. stock index futures gained on Tuesday as the rescue of Credit Suisse allayed some concerns of a bank contagion, while investors awaited the outcome of the Federal Reserve's monetary policy meeting. Traders now largely expect a 25-basis-point rate hike after the Fed's two-day meeting concludes on Wednesday, a dramatic turnaround from expectations of a […]

Monday March 20th

 U.S. stock futures wobbled ahead of the opening bell Monday morning following UBS's deal to buy smaller rival Credit Suisse, in a bid to avoid further market-shaking turmoil in global banking. “The [market] will need to digest the M&A from the weekend and then await the results of the FDIC auctions to see whether it agrees […]

Friday March 17th

Stock futures were lower Friday morning as investors digested a topsy-turvy day of news flow Thursday that ended with a consortium of 11 big U.S. banks banding together to deposit $30 billion into First Republic (FRC) in a bid to stabilize the banking system. Near 8:30 a.m. ET, Dow futures were off about 0.7%, S&P 500 futures […]

Thursday March 16th

U.S. stock index futures fell Thursday as regional banks slid once again on growing fears of a banking crisis within the U.S. and Europe. Futures tied to the 30-stock index were down 158 points, or 0.5%. S&P 500 futures lost 0.5%, while Nasdaq-100 futures slipped 0.2%. Credit Suisse announced overnight it will borrow up to nearly $54 billion from the Swiss […]

Wednesday March 15th

U.S. stock futures were sharply lower Wednesday morning as two economic prints showed a slowdown in February, coupled with fresh turmoil at Credit Suisse (CS) that weighed on sentiment. Futures tied to the S&P 500 (^GSPC) and futures with the Dow Jones Industrial Average (^DJI) plunged 1.6%. Contracts with the technology-heavy Nasdaq Composite (^IXIC) fell […]

Tuesday March 14th

U.S. stock index futures extended gains on Tuesday as a moderation in February's consumer prices kept hopes alive that the Federal Reserve would pause interest rate hikes at its next meeting. The Labor Department's report showed the consumer price index (CPI) rose 0.4% in February on a monthly basis, in line with expectations. Traders' bets […]

Monday March 13th

Bailouts are back. Tech bros and crypto firms breathe a sigh of relief as the Feds step in to guarantee all of the deposits at Silicon Valley Bank and Signature Bank, as well as setting up a new liquidity program to stop contagion to the wider banking sector. That hasn't stopped other west coast banks […]
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