Good morning traders and investors of the r/stocks sub! Welcome to the new trading day and a fresh start! Here are your pre-market stock movers & news on this Tuesday, March the 28th, 2023-
Stock futures are little changed Tuesday: Live updates
Stock futures were little changed Tuesday after the S&P 500 posted its third positive session in a row and banking sector concerns continued to ease.
Futures tied to the Dow Jones Industrial Average rose 35 points, or 0.1%. Meanwhile, S&P 500 futures and Nasdaq-100 futures traded around the flatline.
The moves follow a mixed session on Monday. Investors fought to extend last week’s gains, but tech shares came under pressure. The Dow Jones Industrial Average added 194.55 points, or 0.6%, while the S&P 500 gained 0.16%. The Nasdaq Composite dipped 0.47% as tech stocks moved lower.
A slew of positive news reports helped lift sentiment on Wall Street, including First Citizens BancShares’ agreement to buy large parts of Silicon Valley Bank. Further, CNBC reported that deposit flows out of small institutions and into banking behemoths have slowed.
Eight of 11 S&P 500 sectors finished in positive territory on Monday, led to the upside by a 2.1% gain in energy. Beaten-up regional bank stocks, including First Republic, climbed along with the SPDR S&P Regional Banking ETF (KRE). Communication services and information technology, which have enjoyed a strong 2023, both slipped.
“Basically, you have an oversold bounce in these areas that have been beaten up and you’re having a pause from some of these areas that are leadership,” said Keith Lerner, Truist’s co-chief investment officer. “I don’t think this is a trend reversal; I don’t think this is new leadership.”
Markets may also be taking news of First Citizens’ plan to buy a large chunk of SVB as a positive, he said.
Earnings season continues Tuesday with results from Micron Technology, Lululemon and Dave & Buster’s. Investors also await home price data and The Conference Board’s consumer confidence report.
The Federal Reserve’s Vice Chair for Supervision Michael Barr will appear before the Senate Banking Committee. He will speak on recent bank failures and federal regulators’ response.
STOCK FUTURES CURRENTLY:
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YESTERDAY'S MARKET MAP:
(CLICK HERE FOR YESTERDAY'S MARKET MAP!)
TODAY'S MARKET MAP:
(CLICK HERE FOR TODAY'S MARKET MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S S&P SECTORS:
(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S UPCOMING IPO'S:
(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
(CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)
EARNINGS RELEASES BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
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YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)
(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)
YESTERDAY'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)
THIS MORNING'S STOCK NEWS MOVERS:
(source: [cnbc.com]())
(T.B.A.) — (T.B.A.).
STOCK SYMBOL: (T.B.A.)
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FULL DISCLOSURE:
/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.
DISCUSS!
What's on everyone's radar for today's trading day ahead here at r/stocks?
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