Sharply lower futures amid concerns about a crisis in the banking sector point to a weak start for U.S. stocks on Wednesday.
U.S. stocks rallied on Tuesday, bouncing back from recent losses, thanks to hectic bargain hunting, particularly in the banking sector.
U.S. stocks are up firmly in positive territory Tuesday afternoon despite paring some early gains, and look set to end the day's session on a fairly positive note.
Following the mixed performance seen in the previous session, stocks are likely to move to the upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.8 percent.
Higher futures point to a fairly steady start on Wall Street Tuesday morning.
U.S. stocks recovered after an early setback on Monday, but still ended on a mixed note, although shares from the technology space outperformed, spending much of the day's session in positive territory.
Early signs from the U.S. Futures Index suggest that Wall Street might open mostly lower on Monday.
Asian shares finished mixed, while European shares are trading in negative territory.
Investors have been concerned about the fallout of the Silicon Valley bank and Silvergate Capital sell-off.
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Following the sell-off seen last week, stocks may struggle for direction in early trading on Monday. The major index futures are currently pointing to a mixed open for the markets, with the S&P 500 futures down by 0.3 percent but the Nasdaq futures up by 0.4 percent.
U.S. stocks tumbled on Friday and the major averages all ended notably lower as concerns about the potential fallout from the implosions of Silicon Valley Bank (SVB) and Silvergate Capital triggered a sell-off in the financial sector.
Stocks have moved mostly lower during trading on Friday, extending the sell-off seen over the past few sessions. The major averages have all moved to the downside, with the Dow hitting its lowest intraday level in four months.
Stocks may move to the upside in early trading on Friday, regaining ground following the sell-off seen over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.2 percent.
On a lean day of economic announcements, the Monthly Jobs Report might be the major highlight on Friday.
Analysts will be observing geopolitical developments today.
Asian shares finished down, while European shares are trading lower.
As of 7.10 am ET, the Dow futures were down 59.00 points,...