(Updated with futures contracts on indices, price in forecourt)
PARIS, March 24 (Reuters) –
Top stocks to watch on Friday on Wall Street, where futures on major indices suggest an open down from
0.7% for the Dow Jones, from
0.65% for the Standard & Poor’s 500 and
0.45% for the Nasdaq
* JPMORGAN CHASE, WELLS FARGO and BANK OF AMERICA fell more than 2% in forecourt transactions in a renewed risk aversion on the banking sector. The regional banks FIRST REPUBLIC BANK, PACWEST BANCORP, WESTERN ALLIANCE BANCORP and TRUIST FINANCIAL retreated from 2.1% to 2.8%.
* BLOCK still yielded 4.2% in pre-market after a fall of 14.8% on Thursday, following accusations from the investment fund Hindenburg Research that the number of users of the payment platform is artificially inflated. Hindenburg added holding short positions (being short) on the group’s stock.
* ACTIVISION BLIZZARD, MICROSOFT – Britain’s regulator said Microsoft’s takeover of Activision is unlikely to harm competition in the video game console segment but remains concerned about other grievances. Activision shares climbed 5% in pre-market trading and Microsoft fell 0.5%.
* COINBASE GLOBAL was down 3.4% in pre-market trading as TD Cowen lowered its recommendation to “underperformance” versus “online performance”.
* REGENERON PHARMACEUTICALS – Raymond James raises its recommendation to “line performance” from “underperformance”. (Written by Claude Chendjou, edited by Kate Entringer)
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