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First Republic traded higher after closing nearly 62% lower on Monday.
Lauren Justice/Bloomberg
Stock futures were rising modestly Tuesday following a fifth-straight day of losses for the
Dow Jones Industrial Average
as Wall Street continued to grapple with the banking crisis and as investors looked to the release of the U.S. consumer price index.
These stocks were poised to make moves Tuesday:
First Republic Bank
(FRC) gained 21.7% in premarket trading after closing nearly 62% lower on Monday. The bank led shares of regional lenders down even after U.S. authorities stepped in to backstop depositors following the collapses of Silicon Valley Bank and Signature Bank.
KeyCorp
(KEY) gained 13.2% after tumbling 27.3% in the previous session.
United Airlines
(UAL) was falling 6.1% after issuing a profit warning for the first quarter. The airline said it expected a loss in the period of between 60 cents to $1 a share. Analysts had forecast an adjusted profit of 64 cents. United said demand in January and February was lower than expected and that oil prices and fuel spreads “have remained elevated.”
GitLab
(GTLB), the DevOps software company, sank 33.2% in premarket trading after its revenue forecast for the fiscal first quarter and year missed analysts’ expectations.
Uber
(
UBER
) rose 4.2% and
Lyft
(LYFT) gained 4.9%…
..
