FX.co ★ US Futures Attempt to Rebound

On Friday, U.S. stock futures managed to recover from their early declines, with the Dow Jones, S&P 500, and Nasdaq 100 contracts hovering around the baseline following an initial drop of over 1%. The release of quarterly financial results from regional banks improved market sentiment. Shares of Truist Financial increased by 2.4% in premarket trading, Regions Financial rose by 1.7%, and Fifth Third Bancorp went up by 2.4%. Earlier, there was a sharp dip in futures driven by renewed concerns over U.S. credit quality due to signs of financial strain among regional lenders. Notably, Zions Bancorporation, which has been central to recent market turmoil, saw its shares rebound by 4.3%, while Western Alliance's stock advanced by 2.3%. Additionally, American Express shares climbed by 2% following better-than-expected earnings results. In international trade developments, tensions appeared to ease after President Trump indicated that the existing tariffs on China were "not sustainable" and confirmed a forthcoming meeting with Chinese President Xi Jinping. Over the week, the S&P 500 has risen by 1.2%, the Dow Jones has increased by 1%, and the Nasdaq has jumped by 1.6%.