S&P 500 futures rise following a volatile session on Wall Street: Live updates
Publishing timestamp: 2023-03-16 00:12:50
Summary
U.S. stock futures rose after Credit Suisse announced plans to borrow up to $54 billion from Swiss National Bank, easing fears of a banking crisis. The Dow Jones Industrial Average fell by 725 points at one point during the trading session before ending the day down by 280.83 points. Credit Suisse's largest investor, Saudi National Bank, said it could not provide additional funding for the bank, sparking a broad selloff over fears of a crisis in the financial sector. However, indexes regained some ground in the afternoon after the Swiss regulator announced that the Swiss National Bank would provide additional liquidity to Credit Suisse if necessary. Traders are keeping an eye out for key economic data, including the latest jobless claims report and housing starts data from the U.S. Census Bureau.
Sentiment: MIXED
Tickers: ADBE, CSG.N-CH, @SP.1, JPY=, .IXIC, .DJI, @DJ.1, @ND.1, CHF=, FIVE, SBNY, FRC, CS, .SPX, KRW=,
Keywords: business news, united states, dow jones industrial average, credit suisse group ag, dow jones fut (mar'23), nasdaq composite, s&p 500 fut (mar'23), nasdaq 100 fut (mar'23), s&p 500 index, breaking news: markets, economic events, signature bank, markets,
Source: https://www.cnbc.com/2023/03/15/stock-market-today-live-updates.html