By Oliver Gray
Investing.com – U.S. stock futures were trading slightly higher in Monday’s evening deals after major benchmark averages finished the regular trading session lower as last week’s comeback rally stalled.
Several major banks raised their dividends in response to successfully clearing this year’s Federal Reserve stress tests, with Morgan Stanley (NYSE:MS) moving 3.3% higher while Goldman Sachs Group Inc (NYSE:GS) added 1.7%.
Robinhood Markets Inc (NASDAQ:HOOD) fell 4.9% after FTX CEO Sam Bankman-Fried denies having mergers and acquisitions conversations with Robinhood.
Heavyweight technology companies closed lower with Block Inc (NYSE:SQ) down 2.2%, Amazon.com Inc (NASDAQ:AMZN) falling 2.8%, Microsoft Corporation (NASDAQ:MSFT) down 1.1% and Alphabet Inc (NASDAQ:GOOGL) dipping 1.8%.
Energy companies bucked the overall trend, with Occidental Petroleum Corporation (NYSE:OXY) up 2.4%, Devon Energy Corporation (NYSE:DVN) adding 7.5%, Diamondback Energy Inc (NASDAQ:FANG) up 3.9% and Chevron Corp (NYSE:CVX) gaining 1.9%.
On the bond markets, United States 10-Year yields were at 3.202%.
Dow Futures Move Higher Following Negative Session