Dow futures rise more than 200 points as Wall Street tries to rebound from Tuesday's losses: Live updates
Publishing timestamp: 2023-03-29 09:04:53
Summary
U.S. stock futures rose after a down session, with Lululemon and Micron reporting earnings. The 10-year note yield and 2-year rate declined after advancing the day before, causing some investors to worry about higher interest rates. Federal Reserve's Vice Chair of Supervision Michael Barr will appear before the House Financial Services Committee to discuss regulators' response to recent bank failures. Analysts predict a decline in pending home sales data for February. Morgan Stanley analyst Adam Jonas believes other EV startups may need to follow Lucid's lead in cutting jobs due to a challenging capital raising environment. Market veteran Ed Yardeni sees the recent banking crisis as an opportunity to invest in the oversold financial sector. Fitch Ratings warns that Adani Transmission and Adani Ports and Special Economic Zone are exposed to higher contagion risks due to governance weaknesses at the sponsor level. European stock markets were upbeat, with banks climbing. KraneShares' CIO Brendan Ahern believes Alibaba's major shakeup could be followed by its Chinese technology peers. Lululemon beat Wall Street's estimates for earnings and revenue, while Micron missed expectations.
Sentiment: MIXED
Tickers: FL, .STOXX, MPC, .FCHI, @DJ.1, @ND.1, .GDAXI, 241-HK, 1024-HK, 9888-HK, LULU, 9618-HK, 3690-HK, MU, .FTSE, @SP.1, 700-HK,
Keywords: breaking news: markets, stock markets, business news, markets, lululemon athletica inc, s&p 500 fut (mar'23), dow jones fut (mar'23), micron technology inc, marathon petroleum corp, nasdaq 100 fut (mar'23), united states,
Source: https://www.cnbc.com/2023/03/28/stock-market-today-live-updates.html