Futures flat, losing week, bank stocks lower, Nike falling

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Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020.

Lucas Jackson | Reuters

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7:14: Stock futures point to mixed open

U.S. stock index futures pointed to a mixed open for the major averages on the final trading day of a volatile week. The Dow Jones Industrial Average was set to shed 40 points at the open, while the S&P 500 and Nasdaq-100 were set to rise 0.1% and 0.2%, respectively. Bank

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Stocks set to fall again, virus concern, jobless claims ahead

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The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of lockdown.

Spencer Platt | Getty Images

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8:24 am: Biden leads with voters, but Trump ahead on economy, CNBC survey shows

The CNBC All-America Economic Survey shows Vice President Joe Biden with a nine-point lead on President Donald Trump, but the incumbent still gets higher marks about his economic policies. Voters

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Time to turn bullish on global stocks despite coronavirus risks: UBS

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It may be time to add global exposure to your portfolio.

UBS Global Wealth Management’s Alejo Czerwonko sees upside going abroad despite a surge in coronavirus cases.

“We expect them to be fairly well-handled by health systems worldwide,” the firm’s emerging markets strategist told CNBC’s “Trading Nation” on Tuesday. 

Czerwonko is building his bull case on the ultimate success of vaccine and therapy developments.

“This has continued to support risk assets,” he said.

He upgraded global stocks to “most preferred” or overweight from neutral about a week ago, citing unprecedented government policies designed to cushion the pandemic’s impact.

“We’ve seen

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Fed-backed credit market gives investors a reason not to worry even as volatility returns to stocks

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A man walks past the Wall Street Charging Bull in New York, the United States, March 24, 2020.

Wang Ying | Xinhua News Agency | Getty Images

The credit market, which seized up during the start of the coronavirus turmoil in the financial markets, is now one of the few things equity investors can take solace in as volatility returns. 

As scary as the stock market’s wild ride has been, the distortion in the debt market was arguably more dangerous to the economy and the financial system that has relied on free-flowing credit for years. Now with the credit market

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