The S&P 500 Index ($SPX) (SPY) today is down -0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.20%. December E-mini S&P futures (ESZ25) are down -0.03%, and December E-mini Nasdaq futures (NQZ25) are down -0.10%.
Stock index futures recovered from sharp overnight losses and are trading mixed. Solid earnings results from regional banks have helped to lift market sentiment. Truist Financial and Fifth Third Bancorp are moving higher today to lead bank stocks higher after reporting better-than-expected Q3 earnings. Regional bank stocks tumbled on Thursday amid concerns about the credit quality of regional banks, sparked by news that Zions Bancorp and Western Alliance Bancorp were victims of fraud involving loans to funds that invest in distressed commercial mortgages. The weakness in chipmakers and AI-infrastructure stocks today is a negative factor for the overall market.
