Stock futures rise after Dow slides five straight days on bank rout: Live updates
Publishing timestamp: 2023-03-13 19:42:49
Summary
U.S. stock futures rose after the Dow Jones Industrial Average's fifth day of losses, with traders anticipating a key inflation report due on Tuesday. Bank stocks rebounded somewhat after a rough trading session on Monday, with the SPDR S&P Regional Banking ETF and shares of First Republic Bank and KeyCorp seeing gains in extended trading. However, open source software firm GitLab saw its shares tumble after issuing weaker-than-expected revenue guidance. Investors are also keeping an eye on Bitcoin, which technical analyst Carter Worth believes has more room to run. The upcoming inflation report is expected to show a rise of 0.4% in February, down from the previous month.
Sentiment: MIXED
Tickers: KEY, FITB, FRC, .DJI, .IXIC, .SPX, KRE, GTLB,
Keywords: markets, s&p 500 index, stock markets, spdr s&p regional banking etf, first republic bank, gitlab inc, business news, breaking news: markets, united states,
Source: https://www.cnbc.com/2023/03/13/stock-market-today-live-updates.html