Dow futures trade lower, First Republic Banks sheds 15.6%

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Dow futures trade lower, First Republic Banks sheds 15.6%

By Oliver Gray - U.S. stock futures were lower during Thursday's evening trade, after major benchmark averages finished higher during the regular session.

By 6:50pm ET (10:50pm GMT) Dow Jones Futures , S&P 500 Futures and Nasdaq 100 Futures were each 0.1% lower.

In extended deals, First Republic Bank (NYSE: FRC ) fell 15.6% despite getting a $30 billion lifeline from the nation's largest banks today.

FedEx (NYSE: FDX ) added 11.6%, reported Q3 EPS of $3.41 versus $2.76 expected, while revenue for the quarter came in at $22.2 billion versus the consensus estimate of $22.74 billion.

Ahead in Friday's session, market participants will be watching michigan consumer sentiment as well as industrial production.

During Thursday's trade, the Dow Jones Industrial Average added 1.2% to 32,246.6, the S&P 500 added 1.8% to 3,960.3 and the NASDAQ Composite gained 2.5% to 11,717.3.

On the bond markets, United States 10-Year rates were at 3.579%.


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