U.S. stock futures rose on Thursday after the Swiss central bank steeped in to support Credit Suisse, easing tensions across the banking sector.
How are stock-index futures trading On Wednesday, the Dow Jones Industrial Average DJIA fell 281 points, or 0.87%, to 31875, the S&P 500 SPX declined 27 points, or 0.7%, to 3892, and the Nasdaq Composite COMP gained 6 points, or 0.05%, to 11434. “For now, the move has restored a little stability to global markets, with the S&P 500 regaining ground [late Wednesday], once it appeared the Swiss National Bank was standing by to help,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
That will be put to the test when the European Central Bank will give its latest monetary policy decision. Expectations that the ECB would deliver a 50 basis point increase are now very much in the air just hours ahead of the decision.
government intervening in banks because they’re failures is bullish 💪🏻💪🏻
Why have rules to the game? Economics? Or any other parameters to operate in if failure is rewarded with the magic money printer. System failed and it gets to reset and go again! Wake up folks this is ridiculous!
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