First Republic, PacWest rise premarket; United Airlines, BuzzFeed fall

  • Investing.com
  • Stock Market News
First Republic, PacWest rise premarket; United Airlines, BuzzFeed fall
Credit: © Reuters.

By Scott Kanowsky

Investing.com -- Stocks in focus in premarket trade on Tuesday, March 14th. Please refresh for updates.

  • Shares in regional U.S. banks rose, but any rebound hopes were tempered by a warning from Moody's Investor Service about the stability of their funding bases and the paper losses that have accumulated in their bond portfolios. First Republic Bank (NYSE: FRC ), Western Alliance Bancorporation (NYSE: WAL ), Comerica Inc. (NYSE: CMA ), KeyCorp (NYSE: KEY ), Zions Bancorporation (NASDAQ: ZION ) and PacWest Bancorp (NASDAQ: PACW ) all rallied.

  • Larger banks, including Bank of America (NYSE: BAC ), Wells Fargo & Company (NYSE: WFC ) and Morgan Stanley (NYSE: MS ), also climbed.

  • BuzzFeed, Inc. (NASDAQ: BZFD ) shares dipped after the digital news site said much of its cash had been held by failed lender Silicon Valley Bank.

  • Ride-sharing apps Uber Technologies, Inc. (NYSE: UBER ) and Lyft, Inc. (NASDAQ: LYFT ), as well as delivery service DoorDash, Inc. (NYSE: DASH ), all saw their shares rise in premarket U.S. trading on Tuesday after a California appeals court ruled that the companies can continue to treat their workers as independent contractors.

  • United Airlines Holdings, Inc. (NASDAQ: UAL ) shares slumped after the carrier flagged that it expects to report a loss in the first quarter because of costs related to a deal with the pilots union and weaker travel demand at the beginning of 2023.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search