Stock market news live updates: Stock futures steady after rally – Yahoo Finance

Stock futures kicked off the overnight session slightly lower following an afternoon rally on Wall Street.

the Federal Reserve said in its stress test results Thursday after market close that it would restrict dividends and share buybacks on financial companies for the third quarter. The move is intended to “ensure large banks remain resilient despite the economic uncertainty from the coronavirus event,” according to the Fed.

constraints over certain bank investments, which had first been implemented after the global financial crisis.

further increases in coronavirus cases in some parts of the country stirred up investor consternation, with signs increasingly pointing to a chaotic reopening process. The governor of Texas – one of the first states to begin phasing out its lockdowns – announced that the state would temporarily halt its reopening process, and he suspended elective surgeries in some of the state’s biggest counties to free up space for new patients, with intensive-care unit capacity constrained.

New infections in each of Arizona and Florida also rose above recent trends as of Thursday’s counts.

nearly a dozen stores across four states late last week. Disney (DIS) said it was indefinitely delaying its California theme parks’ reopenings past their earlier July 17 target.” data-reactid=”21″>Individual companies have also pushed back reopening dates amid the latest jumps in coronavirus cases. Apple (AAPL) added 14 stores in Florida to its growing list of store re-closures, after announcing earlier this week and late last week it would be re-closing seven stores in the Houston, Texas area and nearly a dozen stores across four states late last week. Disney (DIS) said it was indefinitely delaying its California theme parks’ reopenings past their earlier July 17 target.

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6:01 p.m. ET: Stock futures open little changed

Here were the main moves at the start of the overnight session for U.S. equity futures, as of 6:01 p.m. ET:

• S&P 500 futures (ES=F): 3,070.25, down 0.5 points or 0.02%

• Dow futures (YM=F): 25,527.00, down 69 points, or 0.27%

• Nasdaq futures (NQ=F): 10,087.00, down 1.25 points, or 0.01%

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