Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Dow futures trade lower, First Republic Banks sheds 15.6%

Published 03/16/2023, 07:24 PM
© Reuters

By Oliver Gray - U.S. stock futures were lower during Thursday's evening trade, after major benchmark averages finished higher during the regular session.

By 6:50pm ET (10:50pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each 0.1% lower.

In extended deals, First Republic Bank (NYSE:FRC) fell 15.6% despite getting a $30 billion lifeline from the nation's largest banks today.

FedEx (NYSE:FDX) added 11.6%, reported Q3 EPS of $3.41 versus $2.76 expected, while revenue for the quarter came in at $22.2 billion versus the consensus estimate of $22.74 billion.

Ahead in Friday's session, market participants will be watching michigan consumer sentiment as well as industrial production.

During Thursday's trade, the Dow Jones Industrial Average added 1.2% to 32,246.6, the S&P 500 added 1.8% to 3,960.3 and the NASDAQ Composite gained 2.5% to 11,717.3.

On the bond markets, United States 10-Year rates were at 3.579%.


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.