U.S. stock futures lift as banking fears ease

·1 min read

By Oliver Gray

Investing.com - U.S. stock futures were trading slightly higher during Monday's evening trade, after major benchmark averages gained through regular hours as banking stocks First Republic Bank (NYSE:FRC) recovered.

By 6:30pm ET (10:30pm GMT) Dow Jones Futures added 0.7%, while S&P 500 Futures and Nasdaq 100 Futures gained 0.1% apiece.

In extended deals, PVH Corp. (NYSE:PVH) added 11.7% after reporting Q4 EPS of $2.38 versus $1.66 expected on revenues of $2.49 billion versus $2.36 billion expected.

Ahead in Tuesday's session, market participants will be monitoring goods trade balance data, retail inventories and CB consumer confidence, as well as a testimony from the Fed's Barr.

Earnings from companies including Micron Technology Inc (NASDAQ:MU), Lululemon Athletica Inc (NASDAQ:LULU), Walgreens Boots Alliance Inc (NASDAQ:WBA) and McCormick&Company Incorporated (NYSE:MKC) are also slated for release during Tuesday's session.

On the bond markets, United States 10-Year rates were at 3.539%.

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