U.S. stock futures were a tad firmer on Monday as traders welcomed waning signs of banking sector stress.
How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA rose 132 points, or 0.41%, to 32238, the S&P 500 SPX increased 22 points, or 0.56%, to 3971, and the Nasdaq Composite COMP gained 37 points, or 0.31%, to 11824. News that First Citizens FCNCA has agreed to buy the deposits and loans of failed Silicon Valley Bank also is helping underpin sentiment.
U.S. stocks futures nudge higher as banks don't collapse until Friday afternoons
Why the sentiment relief on this? Only one who made a killing here is First-Citizen. Is it a sign similar deals will come on others up shit creek? If so how can it be bull that others are in the HTM shit-hole?
Wall St passes the stress to the American people.
“Wanes.” Brought to you from the same clowns that diluted the ancient Roman denarii and assured us “inflation is temporary” and “the vaccine is 100 percent effective at preventing serious illness and death” as well as “Russia-gate” and “Iraq has WMD’s.” We are done with you.
Lol .... bank stress eases ... what for a day ?