Stock futures slip after bank stress test results, Nike reports surprise loss
Traders work during the opening bell at the New York Stock Exchange on March 16, 2020 at Wall Street in New York City.U.S. stock futures were mostly flat on Thursday night following the release of the Federal Reserve's latest bank stress-test results and disappointing quarterly numbers out of Nike.
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, banksand keep dividend payments at current levels for the third quarter. The announcement sent some bank shares lower in after-hours trading. Bank of America and JPMorgan Chase both dipped 1.3%. Wells Fargo slid 3.5% and Goldman Sachs fell more than 3%. Bank stocks were coming off sharp gains, rallying more than 3% during regular trading Thursday.
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