Dow, S&P 500 eye higher open as regional banks rise; key inflation data awaited
时间:2024-06-26 10:28:47 阅读(143)
The Dow and S&P 500 indexes eyed a higher open on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve’s efforts to cool prices were taking hold, while shares of PacWest led a rally among regional banks.Regional lenders’ shares stretched gains from a rebound on Friday, with PacWest Bancorp jumping 35.8% premarket after the lender sharply cut its quarterly dividend to boost capital. Peers Western Alliance Bancorp, Comerica Inc and Zions Bancorp rose between 8% and 12.3%.
Shares of such banks tumbled for much of last week on worries tied to the collapse of First Republic Bank.At 8:29 a.m. ET, Dow e-minis were up 95 points, or 0.28%, S&P 500 e-minis were up 9.75 points, or 0.23%, and Nasdaq 100 e-minis were down 3.5 points, or 0.03%.The spotlight will be on the Labor Department’s inflation data on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March, while excluding the volatile food and energy components, the CPI likely increased 0.4% last month.
“President Joe Biden and top lawmakers from Congress are due to meet onTuesdayto resolve the stand-off over the $31.4 trillion U.S. debt ceiling.U.S. stock indexes staged a late-week rally on Friday, with the Dow Jones Industrial Average posting its biggest one-day percentage gain since Jan. 6 after upbeat results from Apple Inc and U.S. jobs data highlighting a resilient labor market.Warren Buffett’s Berkshire Hathaway Inc’s Class B shares rose 1.4% after the company posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple. Dish Networklost 4.5% after the pay TV and wireless communications service provider reported first-quarter revenue below estimates.
Tupperware Brands Corp slipped 8.5% after the company said it had engaged investment bank Moelis & Co LLC to explore strategic alternatives.American Airlines Group Inc rose 3.2% after J.P. Morgan raised its rating to “overweight” from “neutral”.
猜你喜欢
- Durga Puja 2023- Hema Malini to Rani Mukerji, Bollywood celebs seek blessings at Puja pandal – See pics
- Adani Hindenburg row- SC refuses to transfer Adani’s case from Sebi
- Zee Entertainment says merger with Sony on track
- Adani Group m-cap slips below $100 billion
- Elin Electronics IPO opens for subscription, GMP rises; should you apply for the issue-
- Zomato share price up 4% after Uber sells, institutional investors buy stake in bulk deals; still down 60% YTD
- Even though Fed rate hikes may continue, gold still good buy for medium term; go long around 56500 level
- Zerodha’s Nikhil Kamath tells when to buy stocks, shares Buffett formula to find the right time
- Equity investors become richer by Rs 3