Dow futures dip following Tuesday's bank stock comeback: Live updates
Publishing timestamp: 2023-03-14 20:09:42
Summary
Stock futures were slightly lower after a positive day for the three major averages, with banking shares rallying and fears of banking turmoil spreading to the broader sector easing. The consumer price index for February came in line with expectations, and earnings results from Adobe, Five Below, and Oatly are expected. Bank of America's quantitative market indicators suggest that the US economy fell "deeper" into a downturn for the second straight month in February, and the bank sees cash as more attractive than equities. Lennar beat analysts' earnings and revenue expectations, and First Republic and other banking shares rose in overnight trading. Among the 15 stocks in the S&P 500 that touched fresh 52-week lows on Tuesday was 3M, while three stocks touched new 52-week highs.
Sentiment: MIXED
Tickers: @ND.1, ANET, DVN, CVS, SIVB, FIVE, MMM, AAP, @SP.1, HAS, CF, OTLY, LUV, VFC, OGN, KEY, WAL, WRK, HRL, GEN, DISH, .IXIC, ADBE, LEN, CNC, SBNY, @DJ.1, .SPX, BXP, .DJI, GEHC, FRC, CDNS,
Keywords: s&p 500 fut (mar'23), oatly group ab, nasdaq composite, svb financial group, lennar corp, nasdaq 100 fut (mar'23), business news, first republic bank, stock markets, adobe inc., united states, breaking news: markets, dow jones industrial average, s&p 500 index, five below inc, signature bank, dow jones fut (mar'23), markets,
Source: https://www.cnbc.com/2023/03/14/stock-market-today-live-updates.html