U.S. stock futures were mixed on Friday morning, following a sharp sell-off the previous day, amid renewed concerns over regional banks’ lending practices, escalating U.S.-China trade war, and the ongoing government shutdown, now in its third week. Futures on the Nasdaq 100 (NDX) and the S&P 500 Index (SPX) were down 0.36% and 0.18%, respectively, while futures tied to the Dow Jones Industrial Average (DJIA) were up 0.02%, at 8:20 a.m. EST on October 17.
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Forget margin or options. Here's how the pros trade QQQIt is worth noting that U.S. stock futures recovered well from their lows early morning, driven by certain favorable developments, including better-than-expected Q3 earnings from Fifth Third Bancorp (FITB). Notably, FITB stock was up 2.8% in pre-market trading.
Additionally, Zions Bancorp (ZION) stock was up more than 4% as of writing after receiving a rating upgrade from Baird. Also, shares of investment bank Jefferies (JEF) rose nearly 3% after Oppenheimer raised its rating to outperform.
In Thursday’s regular trading session, major indices declined as regional banks slid, bond yields hit their lowest since April, while gold reached a new record high.
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