The S&P 500 Index ($SPX) (SPY) today is up +0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.07%. December E-mini S&P futures (ESZ25) are up +0.10%, and December E-mini Nasdaq futures (NQZ25) are up +0.05%.
Stock index futures recovered from sharp overnight losses to trade slightly higher as solid earnings results from regional banks helped lift market sentiment. Truist Financial, Regions 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.
