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 Thursday, March the 30th, 2023-
Stock futures rise as Wall Street bets banking crisis has stabilized: Live updates
Stock futures rose Thursday, building on the sharp gains from the previous session, as traders bet the regional banking crisis has stabilized.
Futures tied to the Dow Jones Industrial Average climbed 199 points, or 0.6% higher. S&P 500 futures and Nasdaq-100 futures were also up 0.6% and 0.55%, respectively.
Regional banks ticked higher in the premarket, with the SPDR S&P Regional Banking ETF (KRE) advancing nearly 1%. The ETF has gained 7% from its March 23 crisis low of $42.24, as investors posit that the central bank has reined in any further banking contagion. Shares of Western Alliance and PacWest gained 3% and 2%, respectively.
The major averages entered Thursday’s session up solidly for the week. The S&P 500 and Dow were up more than 1%, while the Nasdaq gained 0.9% through Wednesday’s close.
The moves over the course of the week stem from Wall Street’s attempts to weigh varying factors, said Thomas Martin, senior portfolio manager at Globalt Investments. Those factors, he said, include the latest batch of corporate earnings, the future path of interest rates and potential for a recession and, as of recent weeks, the state of the banks.
“There’s always been the natural seesaw, but it’s sort of never been like this,” he said. “There’s just so many things that are on investors’ minds.”
The three major indexes ended Wednesday higher, with the Nasdaq Composite leading the way with a roughly 1.8% jump. The S&P 500 and Dow followed at 1.4% and 1% higher, respectively.
On Thursday, investors will watch for economic data on weekly jobless claims and the gross domestic product. Boston Federal Reserve President Susan Collins, Richmond Fed President Thomas Barkin and Minneapolis Fed President Neel Kashkari are all slated to speak in the afternoon.
STOCK FUTURES CURRENTLY:
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YESTERDAY'S MARKET MAP:
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TODAY'S MARKET MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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THIS AFTERNOON'S AFTER-HOURS EARNINGS CALENDAR:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
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YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
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(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!]())
(N/A.)
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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