Yahoo Finance Dow futures tick higher, banking crisis weighs
By Oliver Gray
Investing.com - U.S. stock futures were slightly higher during Thursday's evening trade, extending gains made in the regular session as investors digested the Fed's 25 basis point rate hike from earlier in the week, while the SPDR S&P Regional Banking ETF (NYSE:KRE) and SPDR S&P Bank ETF (NYSE:KBE) continued to decline.
By 18:50 ET (22:50 GMT) Dow Jones futures and S&P 500 futures added 0.1% apiece, while Nasdaq 100 futures fell 0.1%.
In extended deals, Scholastic Corp (NASDAQ:SCHL) fell 11.8%, reporting Q3 losses of $0.57 per share versus expected losses of $0.44 per share.
Heron Therapeutics (NASDAQ:HRTX) added 10% after the company reported Q4 losses of $0.17 versus expected losses of $0.32 per share, while revenue was reported at $30.03 million versus $27.24M.
Oxford Industries (NYSE:OXM) dipped 5.7% after reporting Q4 EPS of $2.28 versus $2.14 expected on revenues of $382M versus $377.07M expected.
Ahead in Friday's session, market participants will be looking toward durable goods data, manufacturing and services PMIs, and a speech from the FOMC's Bullard.
During Thursday's regular trade, the Dow Jones Industrial Average added 75.1 points or 0.2% to 32,105.3, the S&P 500 gained 11.8 points or 0.3% to 3,948.7, and the Nasdaq Composite lifted 117.4 points or 1% to 11,787.4.
On the bond markets, United States 10-Year rates were at 3.414%.
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