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Dow futures lift following positive week, banking sector in focus

Published Mar 26, 2023 06:50PM ET
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By Oliver Gray 

Investing.com - U.S. stock futures were trading higher during Sunday's evening deals, after major benchmark averages capped a positive week amid ongoing banking turmoil as Federal Reserve policymakers Powell and Yellen attempted to assure investors that the U.S. banking system would remain stable.

By 18:40 ET (22:40 GMT) Dow Jones futures and Nasdaq 100 futures gained 0.4% apiece while S&P 500 futures added 0.5%.

In the week ahead, market participants will be monitoring any developments in the failing banking sector, while goods trade balance, CB consumer confidence, pending home sales, GDP, PCE, and Michigan consumer sentiment, as well as speeches from the Fed's Jefferson, Yellen, and the FOMC's Barkin will also be closely watched.

During Friday's trade, the Dow Jones Industrial Average added 132.3 points or 0.4% to 32,237.5, the S&P 500 gained 22.3 points or 0.6% to 3,971, and the Nasdaq Composite lifted 36.6 points or 0.3% to 11,824. For the week, the Dow gained 1.2%, the S&P 500 lifted 1.4%, and the Nasdaq added 1.8%.

On the bond markets, United States 10-Year rates were at 3.372%.

Dow futures lift following positive week, banking sector in focus
 

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Comments (9)
William Bailey
William Bailey Mar 27, 2023 12:25AM ET
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Positive because free cash is flowing in from a huge round of inflation causing QE
Jones Lowe
Sejong9 Mar 27, 2023 12:07AM ET
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Time to sell. Right timing.
Mar 27, 2023 12:00AM ET
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Reminds me of the 2008 crash. History repeats itself.
Bill Riley
Bill Riley Mar 26, 2023 10:36PM ET
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Yellen and Biden don't know what day it is. Great Leaders?
Tom Michaels
Tom Michaels Mar 26, 2023 8:31PM ET
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Not so fast, it's dumping as of now.
Mhn Deol
Mhn Deol Mar 26, 2023 7:40PM ET
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Bankers have the save-my-a/ss privilege.
Casador Del Oso
Casador Del Oso Mar 26, 2023 7:15PM ET
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If the banking sector is now stable then the FED can get back to fighting inflation with higher rates for longer.
Rob Anthony
Rob Anthony Mar 26, 2023 7:15PM ET
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They just added 300 plus billion in the last week. Fighting inflation
Bill Riley
Bill Riley Mar 26, 2023 7:00PM ET
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Remember, there is a 12 month lag before rate hikes hit corporate profits. We are just starting to see the 1st rate hike from last year, get ready for a crash.
First Last
First Last Mar 26, 2023 7:00PM ET
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But market peak was more than 12 months ago
JIM VETTER
JIM VETTER Mar 26, 2023 7:00PM ET
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exactly. the peak last year was a result of low rates, free money and a massive infusion of liquidity by the Fed from the previous year
First Last
First Last Mar 26, 2023 7:00PM ET
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JIM VETTER    The median/average time for recession to start after the start of a rate hike cycle is > 2 years, not "12 month"
Dave Jones
Dave Jones Mar 26, 2023 6:59PM ET
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Failing banking sector...the cornerstone of wall street.
Roger Miller
Roger Miller Mar 26, 2023 6:59PM ET
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The cornerstone of the Fed as well. Them, the Treasury, and other regulators and bureaucrats make the rules and feed the system they’ve created.
 
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