Dow futures trade lower, First Republic Banks sheds 15.6%
2023.03.16 19:35
© Reuters
By Oliver Gray
Investing.com – 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) , and were each 0.1% lower.
In extended deals, First Republic Bank (NYSE:) fell 15.6% despite getting a $30 billion lifeline from the nation’s largest banks today.
FedEx (NYSE:) added 11.6%, 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 as well as production.
During Thursday’s trade, the added 1.2% to 32,246.6, the spx added 1.8% to 3,960.3 and the ixic gained 2.5% to 11,717.3.
On the bond markets, rates were at 3.579%.
