Stock futures were little changed the day after market indices moved into record territory and the VIX, the market’s gauge of investor fear, marked lows that can precede a correction.
Futures on the Dow Jones Industrial Average were flat at around 13,110. Futures on the Standard & Poor’s 500 Index, whose close Tuesday at 1,395.95 represented the highest closing value since June 8, 2008, were lower at 1,389.50.
The VIX, the measure of S&P 500 volatility, closed Tuesday at 14.80
Gold was off $40.50, or 2.4%, to $1,653.70. Futures for the U.S. crude oil benchmark, West Texas Intermediate, were off 27 cents, or 0.25%, to $106.44. Brent crude futures were off 8 cents, or 0.06% to $126.14.
A day after the Federal Reserve gave most big U.S. banks good report cards, futures on bank stocks were mixed.
Citigroup (C) shares were off 4.4%, or $1.55, to $36.45 premarket after failing the Fed’s test. In similar fashion, SunTrust Banks (STI) stock was off 4.4%, and MetLife (MET) stock was off 3.32% in pre-market trading; the bank and theÂ insurer also failed the stress tests. Shares of Wells Fargo (WFC)Â also were trading lower.
Shares of JPMorgan Chase (JPM) wereÂ up slighty; the company boosted its yield and said it would buy back stock in advance of passing the Fed stress test.Â And shares of Bank of America (BAC) were upÂ 20 cents, or 2.3%, to $8.49.