U.S. stock futures lift as banking fears ease

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U.S. stock futures lift as banking fears ease
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading slightly higher during Monday's evening trade, after major benchmark averages gained through regular hours as banking stocks First Republic Bank (NYSE: FRC ) recovered.

By 18:30 ET (22:30 GMT) Dow Jones futures added 0.7%, while S&P 500 futures and Nasdaq 100 futures gained 0.1% apiece.

In extended deals, PVH Corp (NYSE: PVH ) added 11.7% after reporting Q4 EPS of $2.38 versus $1.66 expected on revenues of $2.49 billion versus $2.36B expected.

Ahead in Tuesday's session, market participants will be monitoring goods trade balance data, retail inventories , and CB consumer confidence , as well as a testimony from the Fed's Barr .

Earnings from companies including Micron Technology (NASDAQ: MU ), Lululemon Athletica (NASDAQ: LULU ), Walgreens Boots Alliance (NASDAQ: WBA ), and McCormick & Company (NYSE: MKC ) are also slated for release during Tuesday's session.

During Monday's trade, the Dow Jones Industrial Average added 194.6 points or 0.6% to 32,432.1, the S&P 500 gained 6.5 points or 0.2% to 3,977.5, while the Nasdaq Composite dropped 55.1 points or 0.5% to 11,768.8.

On the bond markets, United States 10-Year rates were at 3.539%.

 

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