Finance

Futures dip after bank stress test results, Nike reports surprise loss

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U.S. stock futures slipped on Thursday night following the release of the Federal Reserve’s latest bank stress-test results and disappointing quarterly numbers out of Nike.

Dow Jones Industrial Average futures dipped 89 points, or 0.4%. S&P 500 fell marginally and Nasdaq-100 futures were flat. 

The Fed’s annual stress test of the major banks shows some banks could get close to minimum capital levels in scenarios related to the coronavirus pandemic. Because of this, banks must suspend share repurchase programs and keep dividend payments at current levels for the third quarter.

“While I expect banks will continue to manage their capital actions and liquidity risk prudently, and in support of…



Source cnbc.com

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