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U.S. Stocks Rise as European Shares Trim Losses Amid Bank Angst

U.S. stocks advanced as European markets pared declines, easing concerns spurred by anxiety over the banking industry.

The S&P 500 Index jumped 0.6 percent to 2,164.09 at 9:33 a.m. in New York, after falling 0.9 percent yesterday, as a slide in Deutsche Bank AG’s U.S.-listed shares dragged lenders to an almost two-month low. Equity futures earlier fell as much as 0.6 percent before erasing the drop as Deutsche Bank and European shares trimmed losses.

The main U.S. equity benchmark is on the verge of a second consecutive monthly loss and its worst since January, with valuations at the highest since 2002. A measure of volatility is on track for a back-to-back monthly increase. Still, the S&P 500 had a 2.5 percent quarterly gain through Thursday, its best this year, bolstered by technology shares as the group aims to cap its strongest period since 2013.

Source : Bloomberg

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

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