S&P 500 futures rise following a volatile session on Wall Street: Live updates
U.S. stock futures rose on Wednesday night as investors worried about a broader banking crisis led to a volatile trading session. Credit Suisse announced It plans to borrow up to $54 billion from the Swiss National Bank.
Dow Jones Industrial Average Futures were up 70 points, or 0.2 percent. during this, S&P 500 futures increased by 0.32 percent. Nasdaq 100 futures climbed 0.46 percent.
During Regular trading sessionthe Dow At one point it fell 725 points to 280.83 points, or 0.87 percent lower, before the end of the day. gave S&P 500 Down 0.7 percent, and tech-heavy Nasdaq Composite The edge is 0.05% higher.
Credit Suisse’s biggest investor, the Saudi National Bank, said the morning’s major averages had a rocky start after the news. Could not provide additional funds. for the bank. The SNB’s announcement triggered a broad sell-off in the financial sector on fears of a crisis. Indices regained some ground in the afternoon after the Swiss regulator’s announcement. The Swiss National Bank will provide additional liquidity. Credit Suisse if necessary.
“There’s no doubt that’s how we as investors look at investments in financial institutions that fit into the banking sector,” said Keith Buchanan, portfolio manager at GLOBALT Investments. How the sector will navigate the future, with more forms of regulatory pressure on these corporations.”
Buchanan continued, “There’s a rush again for safe havens, particularly US Treasuries. And you know, now there’s an idea, on a mixed note at the Federal Reserve meeting next week, [they’ll] Maybe it is [a] less humble inclination towards their action and rhetoric.”
Traders will keep an eye on key economic data, including the latest jobless claims report. Housing starts data from the U.S. Census Bureau also comes out at 8:30 a.m. ET.
Dollar General and Jebel are set to report earnings before the bell on Thursday. FedEx will announce its earnings after the market closes.