Credit Suisse Triggers European Bank Sell-Off, Stocks Open Lower.
TL;DR Summary
Dow Jones futures, along with S&P 500 futures and Nasdaq futures, sold off early Wednesday, with Credit Suisse tumbling as its top shareholder ruled out investing more in the ailing Swiss bank. Credit Suisse stock dived 25% in premarket trading as Saudi National Bank, its top shareholder, ruled out any further investments. The stock market rallied strongly Tuesday, but with some big up and down moves. Lennar late Tuesday easily beat fiscal first-quarter estimates while the homebuilder guided up on Q2 orders.
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- Stocks Open Wednesday Morning Lower The Wall Street Journal
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