First Republic Bank's Deposit Boost Fails to Lift Stock Futures

1 min read
Source: CNBC
First Republic Bank's Deposit Boost Fails to Lift Stock Futures
Photo: CNBC
TL;DR Summary

US stock futures were mixed after a relief rally earlier on Thursday, with Dow Jones futures down 0.14%, S&P 500 futures up 0.02%, and Nasdaq futures up 0.2%. First Republic Bank's shares fell 24% in after-hours trading after borrowing tens of billions of dollars from the Federal Reserve and the Federal Home Loan Bank over the past week. European markets opened higher after Credit Suisse and First Republic Bank received financial help designed to prevent a crisis in the banking sector. Investors are looking ahead to the Federal Reserve's meeting next week to see how the central bank will proceed in its fight against inflation in light of the shakeup in the banking sector.

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