Seeking Alpha

Stock futures drift to the opening bell after data, Citi under pressure

  • Stock futures retreat to their flat lines, failing to hold early gains following upbeat economic data in better than expected jobless claims and an upward revision to Q4 GDP; S&P and Dow flat, Nasdaq -0.1%.
  • Major European indexes trade mostly lower as investors mull several data points; Asian markets were mixed, with the Shanghai Composite -0.8% while the Nikkei +1%.
  • The financial sector will be a highlight after the Fed conducted its annual stress tests of large banks, and rejected the capital plans of five banks, including Citigroup. -5.5% premarket.
  • Treasurys remain slightly lower after the data release, with the benchmark 10-year yield currently hovering ~2.70%.
  • Still ahead: pending home sales, EIA natural gas.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector