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Tag: Exchange-traded fund
Pre-Market Movers: Regional Banks Rebound, Tech Stocks Mixed Amid Earnings and Upgrades
Regional banking stocks are showing signs of recovery in pre-market trading following Thursday’s sell-off. Multiple companies are making moves based on earnings reports and analyst rating changes, creating a mixed session for investors.
Regional Banking Sector Shows Recovery Signs
Regional banking stocks are reportedly bouncing back in pre-market trading after driving down the broader market during Thursday’s session, according to market analysis. The SPDR S&P Regional Banking ETF (KRE) advanced 0.4%, with individual banks showing varied performance. Sources indicate that Zions Bancorporation rose more than 1% following an upgrade from Baird, while Western Alliance saw a more modest increase of less than 1%.